Dubai Future Foundation (DFF) and Meta have unveiled a collaborative effort to launch a novel business incubator program. This initiative aims to harness the potential of large language models (LLMs) to revolutionize product and service innovation across various industries.
The program leverages Meta’s open-source AI model, LLAMA 3, to empower entrepreneurs to develop impactful AI use cases. These use cases will address real-world challenges, promote economic growth, and contribute to Dubai’s transformation into a global AI hub.
This collaboration aligns with the Dubai Universal Blueprint for Artificial Intelligence, an ambitious plan to propel Dubai’s digital transformation and economic productivity. The business incubator program fosters an environment that cultivates and supports AI businesses and global talent.
The program offers a multitude of benefits to participating startups. The DFF provides sector-specific guidance, drawing on its vast network of public and private sector partnerships. This empowers startups with valuable industry insights and connections. Additionally, the program offers dedicated workspaces for nurturing talent and fostering collaboration among participants.
A key focus of the initiative is on fostering innovation in five key sectors:energy, transportation, aviation, tourism, and retail. Startups working on solutions in these areas will have the opportunity to leverage LLAMA 3’s capabilities to develop cutting-edge products and services.
This program is a testament to the DFF’s commitment to shaping the future through strategic partnerships. By joining forces with Meta, a global technology leader, the DFF is well-positioned to establish Dubai as a leading center for AI innovation and development. The impact of this program is expected to extend far beyond Dubai, fostering economic growth and opportunities throughout the region.
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