WHAT DINA THINKS: A $500 Million Investment in AI?

The United Arab Emirates (UAE) has put $500 million to propel research and development in artificial intelligence (AI) and emerging technologies. Spearheaded by the Advanced Technology Research Council (ATRC), this seeks to accelerate progress and foster collaboration on a global scale.

The investment is a strategic vision for advancing AI capabilities. $200 million has been allocated to provide technology access to developing countries. This aligns with the UAE's aim to boost inclusivity and ensure that the benefits of technological advancements reach far and wide.

Additionally, the Falcon Foundation, a nonprofit initiative with a budget of $300 million, will focus on developing open-source generative AI models, believing in the importance of collaborative efforts in shaping the future of AI.


The Technology Innovation Institute (TII) acting as the research arm of ATRC, will lead the charge with a $300 million initiative under the Falcon Foundation..

Dr. Ray O. Johnson, the CEO of TII, emphasized the principles of transparency and collaboration as guiding lights in the journey of AI development. This approach invites global entities to join hands, fostering an environment where the collective wisdom of the global community can contribute to the advancement of AI technologies.

ATRC's Secretary General Faisal Al-Bannai talked about a broader vision of helping nations to thrive and survive in a technology-driven world. This comes along with the idea that advancements in AI should not be confined to a select few but should become a tool for progress on a global scale.

To facilitate collaboration and knowledge exchange, the ATRC Global Tech R&D Platform has been introduced. This platform will allow countries to leverage the UAE's expertise across six key sectors to make a collaborative ecosystem for technological innovation.

The UAE's $500 million investment in AI is a step towards a future where technology is used to show commitment to inclusivity, transparency, and collaboration positions. UAE leads in shaping the ethical and innovative development of artificial intelligence.

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