In 2021, the artificial intelligence (AI) software market in Latin America is forecast to generate revenues of 1.34 billion U.S. dollars. The global market is estimated at nearly 35 billion. Artificial intelligence technologies are being used in a variety of situations across consumer, enterprise, and government markets.
Latin America has long been the victim of low productivity — and the COVID-19 pandemic is predictably making matters worse. Now, artificial intelligence is a chance for the region’s economies to leapfrog to greater innovation and economic progress. Research suggests that AI will add a full percentage point of GDP to five of South America’s biggest economies — Argentina, Brazil, Chile, Colombia, and Peru — by 2035.
Artificial intelligence could play transformative roles in Latin America for just about every sector, according to the Inter-American Development Bank (IADB). That means using AI to predict trade negotiation outcomes, commodity prices, and consumer trends, or developing algorithms for use in factories, personalized medicine, infrastructure prototyping, autonomous transportation, and energy consumption.
The EU Tech Chamber (EUTECH) Latin America Chapter takes great pleasure to invite you to our Digital Panel on September 22nd, 2021 at 3:00 pm for a joint discussion on “How AI impact the LatAm Industry”.
DATE Wednesday, September 22, 2021
TIME 03:00 p.m. – 04.30 pm CEST
LOCATION EU Tech Virtual Center