Chief Executive Officer of KAOUN International and Executive Vice President of the Dubai World Trade Centre, Trixie LohMirmand, highlighted the significant benefits on how AI can drive progress in investment, security, and infrastructure.

She mentioned that the AI can play a critical role collaboration and global networks in advancing technological progress.

In her address, Trixie LohMirmand touched on the complexities surrounding AI and deep technology, noting how these innovations are influencing both the stock market and corporate boardrooms.

“The phenomenon of AI and deep tech continues to enlighten the stock market and boardrooms, while confounding experts across multiple dimensions—from rising costs and the rush for skills development to ethical concerns about deployment, all under the looming shadow of policies and regulations,” LohMirmand stated.

She also pointed out at the multifaceted challenges the tech sector faces as it seeks to balance innovation with sustainable and ethical growth.

“As AI continues to evolve and reshape various industries, GITEX Global 2024 is addressing its growing importance. The AI market is projected to surpass $2.7 trillion by 2032, and leaders in both the public and private sectors are working to maximize its potential.

"The event will facilitate discussions on how global collaborations can help create a thriving AI economy,” she noted.

GITEX's focus on AI comes at a time of rapid technological change and market volatility. Amid these fluctuations, industry leaders are expected to consolidate strategies, re-evaluate investments, and navigate complex market signals in a bid to strengthen their AI capabilities.

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and the ruler of Dubai led a high-level delegation to the opening of GITEX Global.

He toured the exhibition halls to observe the cutting-edge technologies on display.

This year’s GITEX has seen a 40% increase in global participation, with over 6,500 companies and more than 200,000 tech executives from 180 countries attending.

The event serves as a platform for governments, enterprises, investors, startups, and researchers to collaborate on building competitive advantages in the digital economy.