Dubai Future Foundation (DFF) and Meta announced the launch of a joint business incubator program that aims to explore how large language models (LLMs) can be leveraged to support product and service innovation across industries while inspiring the development of impactful AI use cases that leverage Meta’s open-source AI stack to help solve real-world problems, unlock economic value, and contribute to overall economic growth.
The program adopts Meta’s AI model “LLAMA 3”, targets creative thinkers, future technology entrepreneurs, and founders of startups and established companies specialising in AI applications and uses.
The program aligns with the goals of the Dubai Universal Blueprint for Artificial Intelligence (DUB.AI), that aims to support Dubai’s economic agenda (D33) by adding AED 100 billion through digital transformation and increasing economic productivity by 50% through innovation and digital solutions.
The program seeks to accelerate the achievement of these goals by positioning Dubai as a nurturing environment for AI companies and global talents, since the city is home for eight global tech unicorns.
The business incubator program will foster collaboration and help exchange knowledge and expertise in AI product development. It will enhance innovation, improve the competitiveness of entrepreneurial projects, and develop opportunities and talents. Additionally, it will support the creative initiatives that open new horizons in the digital economy, expected to reach USD 780 billion by 2030.
Abdulaziz AlJaziri, Deputy CEO of Dubai Future Foundation, emphasised the impact of global partnerships in driving AI entrepreneurship ecosystem. “Through such programs, we aim to create new opportunities and provide fertile soil for startups’ rapid growth. This will support the overall innovation system and bring innovative AI solutions and applications to life for the betterment of humanity. It also establishes Dubai’s position as a global testbed and a vibrant environment for AI-based innovation and service development across vital future sectors,” AlJaziri added.
Joelle Awwad, Head of Policy Programs, Africa Middle East and Turkiye, at Meta, stated: “At Meta, we believe that the future of AI development lies in openness and collaboration. Our commitment to working closely with regional partners like Dubai Future Foundation reflects our dedication to building awareness, enhancing capacities, and fostering practical innovation within the ecosystem. Together, we can unlock the true value of AI for both businesses and society.”
