Today's Edition
ABU DHABI (WAM)
Gewan AI and Eros Investments signed a strategic partnership during Investopia 2024 to enhance cooperation and share experiences in AI, innovation and advanced technology solutions and applications.
Among the attendees were Abdulla bin Touq Al-Marri, Minister of Economy, Chairman of Investopia, Ali Hussein, CEO of Immerso AI, a subsidiary of Eros Investment, and Dr Ghada Alhudhud, Managing Director of Gewan AI.
The agreement’s signing highlights Investopia's efforts to empower business communities and stimulate new projects and investments in the knowledge, innovation and technology sectors.
Chief Executive Officer of Gewan AI, Waleed Alhadhoud, said, “Gewan AI is a UAE company located in Abu Dhabi that provides advanced AI products that serve police, health, media and retail sectors. Gewan AI looks forward to working closely with the Ministry of Economy on joint AI projects in the region, propagating the principles of Ethical AI with both clients and partners to develop cutting edge Commerce Model that serves various sectors of AI trade systems, secure media transmission, entertainment, retail systems.“
He 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”.
Alhudhud said that the application of Generative AI models & LLMs 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 & LLMs 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 Hussein.
At the forefront of the artificial intelligence industry is Gewan AI, setting ambitious objectives by actively promoting R&D, to revolutionise the operations of various sectors while empowering businesses through smart solutions.
Gewan AI's 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 agreement between the two companies seeks to create a collaborative framework in AI, with the objective of enhancing joint research and development initiatives for smart solutions while facilitating the exchange of knowledge, experiences, and resources.
The main and 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.
Additionally, it 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.
