Investopia 2024 saw the signing of a strategic partnership between Gewan AI and Eros Investments, which aims to enhance cooperation and exchange expertise in artificial intelligence (AI) solutions and applications, innovation, and advanced technology.
Abdulla bin Touq Al-Marri, minister of economy and chairman of Investopia; Ali Hussein, CEO of Immerso AI, a subsidiary of Eros Investment; and Dr Ghada Alhudhud, managing director of Gewan AI, attended the agreement’s signing ceremony. The agreement falls in line with Investopia’s efforts to empower business communities and stimulate new projects and investments in the knowledge, innovation and technology sectors.
Strengthening cooperation in AI
The agreement between Gewan AI and Eros Investments aims to establish a collaborative framework in the field of AI. It also aims to enhance joint research and development (R&D) efforts for smart solutions while facilitating the exchange of knowledge, experiences and resources.
Hence, its ultimate goal is to develop cutting-edge AI-based applications that cater to local, regional and global requirements. Additionally, the agreement seeks to foster responsible AI practices and ethics. Gewan AI and Eros Investments will achieve that by organizing seminars, workshops and conferences to build capacities and skills.
For her part, Dr. Ghada Alhudhud said: “Gewan AI hub and smart solutions aim at boosting generative AI models’ development to be specific to industry and objectives. We are excited about our partnership to further scale our development to reach partners and clients across the world.”
Commenting on the agreement, Ali Hussein of Immerso AI stated: “The application of generative AI models and LLMs within the region is eminent with the evolution of deep technology. Localization and customization is going to be a large part of product adoption, and we are excited to work with Gewan AI in product integration to drive value and further extend our investments in the UAE and the Middle East,” said Ali Hussein.
Read: 42 percent of UAE companies adopt AI in business operations: Study
Supporting new economy sectors
For Investopia, the signing of the agreement between Gewan AI and Eros Investment represents its commitment to embracing investors and companies operating in the new economy sectors, especially in AI. It is also committed to stimulating the private sector to create an economic model rooted in innovation and knowledge. This falls in line with the ‘We Are the Emirates 2031’ vision.
Gewan AI is a leading company in the field of AI. It has set ambitious targets by actively promoting R&D to support the growth of various sectors. It also aims to empower companies through smart and innovative AI solutions. Meanwhile, Eros Investment focuses on next-generation investments in intellectual property, blockchain technologies, generative AI, and tokenization.
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