Is CDMX the capital of AI in Latam? This is what the experts say

The specialist pointed out that in the capital of the country Several factors are concentrated that make this an ideal scenario for new businesses: the widespread boom experienced by AI, “old-time” entrepreneurs with experience to advise the way, large technology companies that have already generated talent, infrastructure such as fast internet, flights of connection with other major cities on a daily basis and capital funds prepared to invest.

The premise of Mexico’s strength, regarding the development of AI, has also been addressed by some consulting firms. IDC points out that of the investments in Information Technology (IT) in Mexico, 47% of the growth corresponds to the development of AI.

For the Mexican economy, entrepreneurship is crucial, according to the National Institute of Statistics and Geography (Inegi), in the country there are more than 4.5 million micro, small and medium-sized businesses (MiPymes), on which 72% of businesses depend. the jobs.

For Manolo Atala, co-founder and CEO of Fairplay, part of what makes Mexico a ideal place to invest is its geopolitical position and connection with North America, something that will allow it to continue growing in the next “50 years”, he also assured that many unmet needs have emerged in the country that new entrepreneurs can take advantage of.

During the event, the particular opportunity that exists to undertake technology was noted, a branch that can easily be related to many businesses due to the accelerated technological adoption in business.

This is not a particular characteristic of Mexico, worldwide the potential of technology has been evident. The Digital Progress and Trends Report 2023, prepared by the World Bank Group, between April 2020 and December 2022, indicates that the percentage of microenterprises that invested in digital solutions doubled from 10% to 20%, while in the case of large companies, the percentage tripled and went from 20% to 60%.

In addition, Mexico remains with a positive outlook due to the nearshoring phenomenon. The consulting firm IDC projects a sustained increase in IT in the private sector of 11% annually for the period from 2025 to 2027.

From the vision of Marlene Garayzar, co-founder of Stori, Mexican entrepreneurs are also creating businesses that not only solve needs in Mexico, but can transcend borders with their ideas.

However, for Daniel Vogel, president and co-founder of Bitso, the vision of entrepreneurship does not have to be subject to leaving the country, as he considers that the problems to be addressed in Mexico are “very deep to be resolved.”

“Success is not necessarily that Stori, Bitso or Fairplay can open their companies in Africa or Asia; I think it’s more if we can deepen that opportunity among emerging markets,” Vogel concluded.