Azerbaijan aims for $40 billion in added value in AI by 2040

Azerbaijan has set investment in artificial intelligence as a strategic goal, Deputy Minister of Economy Elnur Aliyev said at the 8th Istanbul Economy Summit, Report informs.

Aliyev stated that Azerbaijan currently supports 600 companies in the artificial intelligence sector: "We aim to create $40 billion in added value in the artificial intelligence sector by 2040. This means $2.5 billion annually."

Aliyev noted that artificial intelligence will increase productivity and maintain workforce sustainability: "We need to increase our cooperation in artificial intelligence."