Venture investor Kola Aina believes Africa is not watching the artificial intelligence revolution from the sidelines — and far from a bubble waiting to burst, he argues, the moment is better understood as a bloom.

Aina, Founding Partner of Ventures Platform Fund, shared that view at The Bluechip Data and AI Summit 3.0 on Wednesday, where artificial intelligence leaders, founders and policymakers gathered at Eko Hotel & Suites in Victoria Island, Lagos.

Held under the theme “The Future, Now: AI-Driven Transformation for Africa,” the summit, organised by Bluechip Technologies, outlined how participants across sectors could leverage artificial intelligence to drive growth.

The summit’s keynote was delivered by Rosanne Werner, Founder/CEO of XCelerate IQ, who highlighted the immense economic potential of artificial intelligence across the continent.

“Africa’s AI market is predicted to go from 4.9 billion to 16.9 billion by 2030. It is time to act now. It is time to act intentionally,” Werner said.