Shazad Al-Malik, chairman of the United Business Group of the Pakistan Federation of Chambers of Commerce and Industry, said on Friday that he will use artificial intelligence in all areas of life to create a future roadmap for sustainable economic growth and boost exports. stressed the urgent need to promote
Talking to a delegation of industrialists and traders led by Momin Ali, he said here today that artificial intelligence could only add up to 16% or about $13 trillion to the global economy by 2030. but said it could boost global Gross Domestic Product (GDP) by up to 26%.
He said Pakistan needs to prepare for a world where AI will be the norm. “But we need to understand that we need to not only reap the benefits of these technologies and suffer their harm, but also build the resilience of our democracies.” said that it is a cutting-edge technology impacting our society. It has reshaped the global economy and national security. He predicts that in 2021, AI global funding will double to his $66.8 billion, and a record 65 AI companies will see his $1 billion-plus valuation rise 442% year over year. He said that the global AI industry is thriving because it reached the forehead. Every year, more and more businesses and governments around the world adopt AI solutions.
Shahzad Ali Malik Sitara-I-Imtiaz shines a light on its emerging importance, with the latest report outlining the top AI global hubs outside the US, with each country providing an AI ecosystem overview, government He said it included incentives and policies, education and research. Institutions, major events, and trade associations. The initial market for this report was selected based on global rankings, the largest number of AI companies concentrated there, venture capital, and associated research institutions.
Shahzad Ali Malik said Pakistan needs to be ready for the latest rapid innovation in the IT sector, saying that this is due to the development in all areas of life and the need to meet the ever-growing future economic challenges. A prerequisite, the conflict between Russia and Ukraine has severely damaged the global economy.
