Page 21 - Red Hat PR REPORT - JULY 2024
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8/1/24, 1:13 PM                     Red Hat highlights evolution of AI in Middle East at Red Hat's EMEA AI Open Talks
        At the recent Red Hat's EMEA AI Open Talks, Red Hat shed light on several key advancements in
        artificial intelligence (AI) and the company's perspective on them. The discussion addressed the
        tremendous expansion and excitement that the AI industry has experienced, leading some to speculate
        that the hype cycle around AI is nearing its end. However, in the Middle East, AI's enormous potential

        continues to spark significant investments, driving innovation and economic growth.



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        Red Hat emphasized the importance of practical AI applications, ensuring that the technology remains
        influential and productive. While hype surrounding generative artificial intelligence (GenAI) persists, it

        has transcended the peak of inflated expectations. In 2024, projects utilising other AI techniques – either
        alone or in conjunction with GenAI – that have standardised procedures to facilitate implementation is
        expected to yield greater benefits. AI leaders should therefore combine developments from all stages of

        the ‘Hype Cycle’ to create composite AI techniques as the foundation for future system architectures in
        order to maximise benefits.


        Swarm AI


        Red Hat then continued to advocate for Swarm AI, a bottom-up approach to AI that places a strong focus
        on transparency, community-driven development, and ethical principles. Swarm AI improves data
        exchange and offers more precise and efficient solutions by utilising a collective of smaller models. More

        importantly, this method differs from the conventional dependency on big, monolithic AI systems.


        Impact on Key Domains


        Red Hat's AI solutions are also renowned for having a significant impact on several key industries, like
        the stock market, fraud management, and healthcare. AI is used in healthcare to improve patient care

        and expedite operations, while AI-driven fraud management systems can detect and prevent fraudulent


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