Page 187 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

3/25/24, 10:08 AM Gewan AI, Eros Investment sign strategic partnership promoting AI innovation on back of Investopia 2024 – The Gulf Time News…
“The application of Generative AI models & LLM’s within the region is eminent with the evolution of deep
technology. Localisation and customisation 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.

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