What Will Future Business Models Look Like?

AI is becoming essential for nations, with the Middle East emerging as a significant player in the field. The UAE’s Stargate project, launched with support from notable figures like Ben Horowitz and Elon Musk, aims to develop a vast AI compute cluster. The UAE’s AI71 initiative focuses on securing open-source AI models for sectors like healthcare and finance, while Saudi Arabia’s HumAIn seeks to develop multimodal AI models and invest heavily in local talent. The region is also emphasizing AI sovereignty, highlighted by Saudi Arabia’s new data protection laws. This drive for local AI capabilities stems from a long-term vision to diversify economies away from oil reliance. The competitive landscape is shaped by advanced business models, leveraging innovative pricing and compliance strategies, making it crucial for local firms to adapt and innovate swiftly. Overall, the Gulf region is increasingly positioned as a forthcoming hub of AI development.

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