His Highness: We prioritise Dubai’s competitiveness and main place as a hub for the digital economic system in all tasks and programmes we launch, in keeping with targets of the D33
– We’re assured this campus might be a key addition to Dubai’s economic system by internet hosting tons of of companies and providing 1000’s of jobs over the subsequent few years
– Transfer is a part of section one of many DUB.AI programme launched with the goal of accelerating AI adoption throughout all related sectors
– Part one of many campus has already drawn greater than 75 companies whereas section two is ready to draw over 500 corporations
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Govt Council of Dubai and Chairman of the Increased Committee for Future Expertise and Digital Economic system, at the moment inaugurated the Dubai AI Campus cluster on the Innovation Hub, Dubai Worldwide Monetary Centre (DIFC).
The transfer is a part of section one of many annual Dubai Common Blueprint for Synthetic Intelligence (DUB.AI), which was just lately launched with the goal of accelerating AI adoption throughout all related sectors, thus creating the optimum nurturing ecosystem for AI companies and skills to drive innovation in AI.
Sheikh Hamdan mentioned that Dubai continues to launch strategic plans with the goal of accelerating the adoption of AI and its functions in all sectors in keeping with the imaginative and prescient and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to determine Dubai as a world hub of the digital economic system and the popular vacation spot for main AI companies and prime expertise from all over the world.
“Our efforts proceed to harness the massive potential of superior know-how. The Dubai AI Campus at DIFC is a key step in direction of reaching our targets of doubling financial progress and growing AI’s contribution to Dubai and the UAE’s GDP. We’re assured this campus might be a key addition to Dubai’s economic system by internet hosting tons of of companies and providing 1000’s of jobs over the subsequent few years, additional cementing Dubai’s standing as a favorite vacation spot for tech corporations,” His Highness mentioned.
“We prioritise Dubai’s competitiveness and main place as a hub for the digital economic system in all tasks and programmes we launch, in keeping with targets of the Dubai Financial Agenda (D33). As we speak we transfer steadily in direction of a brand new period of management and sustainable progress of Dubai’s economic system, which is predicated on data, innovation, and future tech functions. Dubai will at all times stay a beacon of financial prosperity, regionally and globally, and the popular alternative of revolutionary minds,” he added.
Area’s prime AI vacation spot
Introduced in 2023, the Dubai AI Campus is the biggest devoted cluster of AI and superior tech within the MENA area.
The launch contributes to boosting the targets of Dubai Financial Agenda (D33), together with producing a median AED 100 billion yearly for Dubai’s economic system by digital transformation. Moreover, it marks one other landmark initiative in realising the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid to determine Dubai as a world hub of the digital economic system and a key participant on the worldwide digital panorama.
The brand new campus additionally aligns with Dubai’s imaginative and prescient to emerge because the chosen vacation spot amongst tech companies and can drive its contribution to innovation and tech integration throughout all sectors. It’s estimated that AI will contribute $230 billion to the Center East’s economic system by 2030, whereas making up 14% of the UAE’s GDP by 2030.
The inaugural ceremony was attended by His Excellency Omar bin Sultan Al Olama, Minister of State for Synthetic Intelligence, Digital Economic system and Distant Work Functions; His Excellency Issa Kazim, Governor of the Dubai Worldwide Monetary Centre; and Arif Amiri, CEO of the DIFC Authority.
The Dubai AI Campus cluster might be a part of the DIFC Innovation Hub, which gives devoted co-working areas to tech startups, together with AI companies. Part one of many campus is already full with greater than 75 companies registered on a ten,000-square-foot campus. Part two of the campus will lengthen over 100,000 sq. toes and is ready to draw over 500 corporations creating greater than 3,000 jobs by 2028.
A world hub
His Excellency Essa Kazim welcomed His Highness Sheikh Hamdan to the opening of the Dubai AI Campus, saying the cluster will speed up the realisation of targets of the Dubai Financial Agenda whereas supporting future know-how and digital economic system methods of the emirate.
“The opening of Dubai AI Campus is a part of the primary section of the annual Dubai Common Blueprint for Synthetic Intelligence (DUB.AI), performing as a key enabler that can bolster Dubai’s place as a world hub accelerating the adoption of superior know-how,” he mentioned.
Simple investor entry
“Via Dubai and DIFC’s revolutionary construction, startups have direct entry to traders, funding funds, main companies and conventional monetary establishments. This ensures that high-potential companies obtain the mandatory funding wanted to realize their targets,” HE Essa Kazim added.
Catalyst for fintech ecosystem
Arif Amiri, CEO of the DIFC Authority, mentioned: “Dubai AI Campus helps speed up the targets of DIFC’s 2030 Technique, which goals to additional empower our rising fintech and innovation ecosystem.
“The cluster may even cement DIFC’s place as the biggest incubator of the monetary sector throughout the MEASA area as we sit up for collaborating with regional gamers to assist them simplify and increase their enterprise by AI,” he added.
Tech partnerships
The Dubai AI Campus facilitates multinational tech partnerships with main tech corporations similar to Amazon Internet Providers, HP, Microsoft, Oracle and Nvidia, who will be a part of the cluster as key companions, additional highlighting its empowering nature and making it residence to the primary innovation lab providing AI options to the UAE’s small companies, in collaboration with du.
Moreover, the cluster will present excessive computing capabilities, together with DGX platforms, and state-of-the-art enterprise accelerator programmes that advance implementation of AI functions within the non-public sector.
Distinctive licences
The Dubai AI Campus might be providing a novel AI licence specifically designed to fulfill the necessities of the subsequent era of AI-dependent companies. This licence utilises DIFC’s unbiased authorized framework.
Companies inside the cluster may even profit from DIFC’s Digital Belongings Regulation, the primary of its sort globally, providing authorized certainty to traders and customers of digital property.
Future tech showcase
Additional testifying to its management and concentrate on leveraging technological developments for the better good, Dubai is ready to host the premier Dubai AI and Web3 Competition, organised by Dubai AI Campus in collaboration with the Minister of State for Synthetic Intelligence, Digital Economic system & Distant Work Functions Workplace, and DIFC, on 11 and 12 September 2024 at Madinat Jumeirah.
The occasion, highlighting Dubai’s unwavering dedication to advertise future know-how, is predicted to draw over 5,000 guests and contributors, apart from greater than 500 traders and 100 exhibitors.
Since its launch in 2021, DIFC’s Innovation Hub continues to develop and forge milestone partnerships whereas driving innovation and serving to form forward-looking plans. It’s now residence to over 1,000 startups. As a part of the Dubai Metaverse Technique, the Innovation Hub launched the Metaverse Accelerator Program, which enrolled greater than 150 college students in its first cohort.
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