DMCC, the world’s leading free zone and Dubai Government’s authority for commodity trade and businesses, has partnered with Dubai-based artificial intelligence company Qx Lab AI as it prepares to launch DMCC AI Center later this year.
Through its ‘Ask Qx’ platform, Qx Lab AI offers generative AI capabilities that can be integrated into services such as online chat functions or used by businesses and individuals to improve productivity. Ask QX’s unique neural architecture offers unprecedented scalability for the product, providing a digital infrastructure that can benefit businesses by reducing overall computational energy costs, developing platform security, and creating a protective shield against potential breaches. data. With this innovative technology, QX Lab AI aims to become the world’s first AGI company to access and leverage 372 billion parameters.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC saying:
“In a short space of time, AI has emerged as the most important force reshaping the way we do business, and we have barely scratched the surface of its potential. As we prepare for the imminent launch of the DMCC AI Center, I am delighted to partner with Qx Lab AI, whose unique generative AI platform and revolutionary neural architecture will provide DMCC and its members with unprecedented opportunities to improve efficiency, productivity and platform security at scale. “This is just one example of the innovations we are pioneering at DMCC, reinforcing Dubai’s status as one of the world’s leading technology and artificial intelligence hubs for years to come.”
Tilakraj Parmar, Co-Founder and CEO of QX Lab AI, aggregate:
“The significant amount of money invested globally in AI research and deployment is just the beginning of a seismic shift in the way we all operate, both professionally and personally. “We are pleased to bring our AI capabilities to the DMCC and its 24,000 member companies as we position Dubai at the forefront of AI research and deployment.”
DMCC has created a range of innovation-focused ecosystems to promote Dubai’s status as a driving force in the development and adoption of next-generation technologies and industries. The DMCC Crypto Center is home to over 600 Web3 companies, making it the largest concentration of cryptocurrency and blockchain companies in the region. Since its launch in 2023, the DMCC Gaming Center has hosted more than 100 gaming companies, from developers and publishers to esports teams and software engineers, positioning Dubai as a hub for this immersive form of entertainment.
News source: Dubai Press Office