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Abu Dhabi-Developed AI Arabic Language Model Unveiled

The open-source bilingual model is called Jais and is more accurate than existing Arabic implementations, developers say.

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abu dhabi-developed ai arabic language model unveiled

A new AI Arabic language model has been unveiled by Abu Dhabi-based Inception, a subsidiary of G42. The project aims to bring one of the world’s most widely used languages into the AI mainstream.

Jais — named after Jebel Jais, the highest mountain peak in the UAE — was developed for government use and financial, energy, climate, and healthcare applications. The open-source bilingual Arabic-English model was built with additional input from the Mohammed bin Zayed University of Artificial Intelligence and Cerebras Systems, based in Silicon Valley.

Jais developers claim the new AI language model is more accurate than previous Arabic LLMs. The software also represents a further step towards encouraging scientific and computing communities to work in languages other than English.

“We see Jais becoming very useful in generative use cases, such as generating responses to questions, generating documents, translations, emails, and even providing advice and recommendations,” said Andrew Jackson, CEO of Inception.

As well as understanding context and cultural references, Jais can also capture linguistic nuances across various Arabic dialects, “making it more accurate and contextually relevant than other models,” the developers said.

Also Read: Ovasave Empowers Women To Tackle Difficult Fertility Choices

Jais was trained using Condor Galaxy, the “world’s largest AI supercomputer”, launched by parent company G42 and Cerebras in July. The software is continuously expanding as more Arabic content is curated, according to the companies involved.

WorldData ranks Arabic as one of the world’s most widespread languages, with over 400 million speakers. It is the official language of 22 countries and is partly spoken in 11 more. However, despite a dramatic rise in Arabic content, the language still only represents around 1% of the online space, according to data presented by G42 and Cerberus.

Jais software is available to download on the machine learning platform Hugging Face.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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