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  1. Mubasher News
  2. Hub71 launches AI-powered platform to help startups drive AI innovation

Hub71 launches AI-powered platform to help startups drive AI innovation

GHADA.ISMAIL
Dec 12, 2024
Launching the new platform reflects Abu Dhabi's commitment to advancing AI across priority sectors

Dubai – Sharikat Mubasher: Hub71, Abu Dhabi’s global tech ecosystem, announced the launching of Hub71+ AI, a specialist ecosystem designed to support startups harnessing cross-sector AI innovation.

The launching event took part during Abu Dhabi Finance Week (ADFW), with an aim to provide AI startups with the necessary infrastructure and resources to thrive in a rapidly evolving global economy, according to a recent press release.

This stride reflects Abu Dhabi's commitment to advancing AI across priority sectors, aligning with the UAE capital’s broader economic vision.

AI71 joins as an anchor partner of Hub71+ AI and will offer compute power credits for their API Hub, which provides pay-as-you-go access to the globally ranked Falcon series of Large Language Models and other tools. AI71 will also provide access to their team of AI researchers.

In addition, Core42 joins Hub71+ AI as an anchor partner, empowering regional startups with preferential access to Core42's advanced products and solutions. Core42 will offer startups cloud credits that can leverage the deployments of next-generation digital infrastructure for AI including current deployments of training and inference capacity in the UAE, USA, and a growing global footprint.

Additionally, Core42’s Sovereign Public Cloud offering which leverages Microsoft Azure, can be utilized for startups that are in need to offer a sovereign implementation for regulated industries and the public sector. Core42 will also support startups in accessing relevant facets of the broader G42 ecosystem including Presight, M42, AIQ, CPX, Space42, and others where relevant.

Ahmad Ali Alwan, Chief Executive Officer of Hub71, said: "Hub71+AI is our commitment to bold, pioneering founders, providing startups with unparalleled access to resources, mentorship, and collaboration opportunities with tech giants and national champions. We aim to scale and drive AI innovation that resonates globally from Abu Dhabi’s dynamic tech ecosystem."

Talal M. Al Kaissi, EVP, Chief Government Affairs & Partnerships Officer at Core42 commented: “At Core42, we are committed to enabling startups to harness the transformative potential of AI through robust and specialized digital infrastructure, as well as bespoke go-to-market mentorship.”

By leveraging substantial investment, world-class infrastructure, and strategic partnerships, Hub71 is committed to driving technological advancements and fostering economic diversification to shape the future industries of Abu Dhabi.

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Riyadh – Sharikat Mubasher: The Research, Development, and Innovation Authority (RDI) officially launched the Wadi Jeddah Innovation Hub (WJIH), a new integrated district aimed at strengthening the Kingdom’s innovation ecosystem and supporting startups, investors, and knowledge-driven businesses.Developed by Wadi Jeddah Company, the facility brings together office space, incubators, accelerators, and development plots within a single innovation-focused environment. The project includes 57 startup headquarters, seven office buildings, and more than 53,000 square meters of administrative and commercial space, alongside 28,500 square meters of planned development land.The Hub is designed to serve startups, established companies, and investors, offering shared workspaces, business services, and dedicated areas for events and collaboration. It adopts an integrated operating model that combines international expertise with local capabilities.As part of its global positioning, the project has entered a strategic partnership with Cambridge Innovation Center (CIC) to operate the innovation hub and link it to an international network of more than 650,000 innovators worldwide.For his part, Sattam bin Saud Lingawi, CEO of Wadi Jeddah Company, said the hub aims to incubate 30 startups annually. The program, which began three months ago, has already supported 10 companies working across sectors including healthcare, smart cities, food tech, and IT.Wadi Jeddah Company, King Abdulaziz University’s investment arm, attracts both local and international companies, from inside and outside the university, with the goal of turning innovative ideas, research, and patents into economic projects. The hub’s programs last nine months, divided into three stages, offering tailored support based on each startup’s activity, resources, and target product.

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