BUSINESS

ABU DHABI’S ATRC NEW AI COMPANY OFFERS DECENTRALISED DATA CONTROL OPTIONS

29/11/2023 12:34 PM

KUALA LUMPUR, Nov 29 (Bernama) -- Abu Dhabi’s Advanced Technology Research Council (ATRC) has launched its new artificial intelligence (AI) company, AI71, making yet another bold stride in an era of rapid advancements across AI.

According to ATRC in a statement, the entity builds on the Technology Innovation Institute’s (TII) Falcon generative AI models and will focus on multi-domain specialisations while offering unprecedented AI data control options for companies and countries looking to self-host for greater privacy.

The new AI powerhouse was launched by the Abu Dhabi Crown Prince and Abu Dhabi Executive Council Chairman, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, in the presence of several ministers and representatives of leading multinational technology companies.

While ATRC’s Technology Innovation Institute developed the Falcon 7B, 40B, and 180B large language models (LLMs), it will be ATRC’s VentureOne subsidiary that takes AI71 to market across multiple domains, starting with the medical, educational and legal sectors.

Enabling access to vast storehouses of anonymised data in these verticals, representing a rich and diverse demographic, AI71 will offer a critical differentiator over other serious AI markets today, namely, the United Arab Emirates’ highly digitised and comparatively mature e-infrastructure.

At a time where innovation often outpaces regulatory frameworks, the UAE government's swift decision-making structure uniquely positions the new company to leverage its responsible AI advancements globally, bypassing the lengthy processes often associated with such developments.

Through partnerships and collaborations, AI71 will enable clients to deploy its AI models and benefit from access to sophisticated data reservoirs to ensure outstanding generative AI performance.

More importantly, AI71 will enable decentralised data ownership, allowing clients to retain control of their own data, and this offering will set new standards for privacy and security, serving as a differentiator for AI projects where data sovereignty is critical.

The first of AI71’s cutting-edge specialisations will have a medical focus and seek to transform capabilities in diagnosis and decision-making, significantly changing the accuracy and time spent on each patient, while the educational and legal sectors are also to gain value from AI integration and enhancements, impacting each domain with nuanced benefits that lead to new solutions to support societal development.

As AI71 makes an impact across enterprises, industries, and governments, VentureOne will introduce new specialisations to meet growing demand from various sectors.

-- BERNAMA


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