Page 58 - Red Hat PR REPORT - JULY 2024

7/30/24, 1:49 PM Latest News
significant investments, driving innovation and economic growth.
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 activities
in finance. It also supports the stock market by offering predictive analytics to inform investment strategies.

Significance of Small Models
It was noted that while major players such as Microsoft, Google, and Meta dominate the AI landscape, Red

Hat's strategy focuses on small, domain-specific models. By using company-specific data to train the models,
more reliable and customised solutions can be offered. This method works particularly well for business

applications as it addresses privacy concerns and boosts productivity.
AI and Sustainable Development
Above all, the Middle East's investments in AI demonstrate its commitment to sustainable development. Red

Hat makes sure that advancements in AI have a positive impact on environmental factors by aligning its
developments with regional sustainability goals. This entails maximising resource efficiency, cutting carbon

footprints, and optimising energy use. The company also supports startups and early-stage innovations,
fostering a vibrant ecosystem that encourages advances in AI. Red Hat supports these companies in the

development of cutting-edge AI technologies by lending resources and expertise.
Red Hat is committed to spearheading AI innovation in the Middle East, giving practical applications,

sustainability, and ethical development top priority across a range of industries. The Red Hat OpenShift AI is
an open-source platform that supports this vision, and allows for developing, training, testing, and serving
models for your own AI-enabled applications. By embracing smaller, more effective AI models that promote

regional initiatives, Red Hat hopes to make AI a productive and transformative force in the region.

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