A Deep Dive into the Future of AI Technologies: Risks, Opportunities & Regulatory Challenges 

The economic imperative for embracing AI is undeniable. Global AI solutions are projected to inject over USD 22.3 trillion into the world economy by 2030, with every dollar invested expected to generate nearly five dollars in return. For the MENA region, where technology spending is forecast to reach $169 billion by 2026, AI is already transforming critical sectors, from accelerating financial inclusion for the unbanked in Africa to enhancing food security. This is not a distant future; it is our economic present.

Yet, this opportunity is shadowed by immediate and severe risks. Key concerns include job displacement, data privacy, widening the digital divide and the spread of misinformation through generative AI tools. Furthermore, the immense energy required to train large language models forces a difficult choice between pursuing technological advancement and upholding our climate commitments—a critical dilemma for the Global South.

This session brings together experts in ICT and AI to how to maximize the benefits of AI while addressing its challenges using a balanced, inclusive, and forward-looking approach.