Page 181 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

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