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Abu Dhabi AI Company Aims To Create Global Tech Hub
Backed by the Advanced Technology Research Council, AI71 seeks to democratize access to AI using the UAE’s Falcon large language model.
Abu Dhabi’s Advanced Technology Research Council has launched a new artificial intelligence company known as AI71 in a bid to become a global hub for the emerging technology.
The new entity will democratize access to AI and is built using the Falcon large language model developed by the research council’s Technology Innovation Institute.
AI71 will soon be taken to market by commercialization arm VentureOne and was formally launched by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi.
The company is designed to cater to medical, legal, education, and government fields, with “many others” to come, according to Faisal Al Bannai, secretary general of the council:
“By creating AI71, [the company] becomes a major part of driving AI use across multiple sectors. So, it increases our efficiency and ability to be much more productive and competitive globally. We will not be shy in our objectives. We will not be humble in our goals. We are determined to be a key player in shaping where AI is going globally. AI71 will play a pivotal role in this journey”.
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AI71 has already signed an agreement with the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Omar Al Olama, and local start-up ecosystem Hub71. Meanwhile, the company will join forces with major global corporations, including Amazon Web Services, PwC, World Wide Technology, and CNTXT.
Generative AI holds enormous economic potential. As investments in the sector continue to grow, Gulf countries are expected to generate $23.5 billion by 2030. The UAE has already made great strides in AI after recently unveiling the world’s largest Arabic natural language model.
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Joby To Establish All-Electric Air Taxi Ecosystem Across The UAE
The comprehensive agreement with Abu Dhabi’s government includes a training program, infrastructure development, and a manufacturing presence.
All-electric aircraft company Joby Aviation has secured three separate agreements with departments of Abu Dhabi’s government that lay the groundwork to develop and scale air taxi services in the Emirate and beyond.
The deal was signed at the recent DRIFTx thought-leadership and exhibition platform and gave Joby exclusive rights to not only operate air taxi services in Dubai but also unlock inter-emirate services between Abu Dhabi.
Joe Ben Bevirt, founder and CEO of Joby Aviation, said: “Today’s agreement demonstrates the incredible momentum behind the adoption of clean flight across the UAE. We’re looking forward to delivering a fantastic experience for our future customers in Abu Dhabi and we’re excited to be unlocking the potential for zero-emissions flight between Abu Dhabi and Dubai. We’re grateful for the support and collaboration of our governmental partners and the entire ecosystem in Abu Dhabi and we remain deeply impressed by their commitment to building out a world-class aviation ecosystem in the Emirate”.
Joby’s all-electric aircraft went on display for the first time in Abu Dhabi’s Yas Marina at the DRIFTx event. The air taxi is designed to carry a pilot and four passengers and can reach speeds of 200 miles per hour (321 km/h). The zero-emission craft is said to have an extremely low acoustic footprint and can travel a maximum of 100 miles (161 km) on a single charge.
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Once operational, Joby’s air taxi fleet would enable fast, clean travel across the UAE, with journeys between Abu Dhabi to Dubai taking just 30 minutes compared with two hours by car during peak times.
Joby continues to work closely with the UAE’s General Civil Aviation Authority (GCAA) to help the Emirates become a world leader in the introduction of air taxis. Additional testing and analysis will be required before inter-emirate travel becomes a reality, but the cutting-edge technology already appears to have great potential.
Joby To Establish All-Electric Air Taxi Ecosystem Across The UAE
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