Page 181 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024
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Alhadhoud also mentioned, “Our suite of AI services is meticulously designed to elevate
               your business, through smart solutions that can be embedded in current IT technologies
               to empower these technologies with AI features and services”.


               Dr Ghada Alhudhud said that the application of Generative AI models & LLM’s within
               the region is eminent with the evolution of deep technology. “Gewan AI hub & Smart
               Solutions aims 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,” said Dr. Ghada.


               “The application of Generative AI models & LLM’s 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 extended our investments in the UAE and the Middle East,” said
               Ali Hussein.


               Gewan AI is at the forefront of the artificial intelligence industry and has set ambitious
               objectives by actively promoting R&D, with the aim of revolutionising the operations of
               various sectors while empowering businesses through smart solutions. Its strategy to
               achieve this includes unlocking AI’s boundless potential and leveraging its immense
               power to enhance operational efficiency and address the diverse challenges faced by
               companies.

               Eros Investment directs its attention to investing in the next generation of intellectual
               property, blockchain technologies, generative AI, tokenisation, and the digital
               entertainment and gaming sectors. Additionally, the company aims to collaborate with
               individuals and businesses that share a common vision to launch innovative projects in
               these sectors successfully.


               The signed agreement between the two companies seeks to create a collaborative
               framework in AI. Its objective is to enhance joint research and development initiatives
               for smart solutions while facilitating the exchange of knowledge, experiences, and
               resources. The ultimate goal is to develop cutting-edge AI-based applications catering
               to local, regional, and global requirements. Additionally, the agreement aims to foster
               responsible AI practices and ethics. This will be achieved by organising seminars,
               workshops, and conferences to build capacities and skills.


               The signing of the agreement serves as a new indicator of Investopia’s dedication to
               embracing investors and companies in the new economy sectors, particularly AI. It also
               introduces the vast opportunities within this field and encourages the private sector to
               foster an economic model rooted in innovation and knowledge. This aligns with the “We
               Are the UAE 2031” vision, which aims to position the UAE globally as a leading
               competitive and appealing hub for the new economy and innovative projects.


               Earlier, Investopia 2024 witnessed the signing of two memorandums of understanding
               (MOUs) between the UAE and the Republic of South Korea. The first MOU was signed

               https://www.gulftoday.ae/business/2024/03/20/new-partnership-promoting-ai--innovation-on-
               back-of-investopia
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