In Abu Dhabi, the Technology Innovation Institute (TII) unveiled the Falcon 2 series. As reported by Reuters, this series includes Falcon 2 11B, a text-based model, and Falcon 2 11B VLM, a vision-to-language model capable of generating text descriptions from images. TII is run by Abu Dhabi’s Advanced Technology Research Council.

As a major oil exporter and a key player in the Middle East, the UAE is investing heavily in AI. This strategy has caught the eye of U.S. officials, leading to tensions over whether to use American or Chinese technology. In a move coordinated with Washington, Emirati AI firm G42 withdrew from Chinese investments and replaced Chinese hardware, securing a US$1.5 billion investment from Microsoft.

Faisal Al Bannai, Secretary General of the Advanced Technology Research Council and an adviser on strategic research and advanced technology, proudly states that the UAE is proving itself as a major player in AI. The release of the Falcon 2 series is part of a broader race among nations and companies to develop proprietary large language models. While some opt to keep their AI code private, the UAE, like Meta’s Llama, is making its groundbreaking work accessible to all.

Al Bannai is also excited about the upcoming Falcon 3 generation and expresses confidence in the UAE’s ability to compete globally: “We’re very proud that we can still punch way above our weight, really compete with the best players globally.”

Reflecting on his earlier statements this year, Al Bannai emphasised that the UAE’s decisive advantage lies in its ability to make swift strategic decisions.

It’s worth noting that Abu Dhabi’s ruling family controls some of the world’s largest sovereign wealth funds, worth about US$1.5 trillion. These funds, formerly used to diversify the UAE’s oil wealth, are now critical for accelerating growth in AI and other cutting-edge technologies. In fact, the UAE is emerging as a key player in producing advanced computer chips essential for training powerful AI systems. According to Wall Street Journal, OpenAI CEO Sam Altman met with investors, including Sheik Tahnoun bin Zayed Al Nahyan, who runs Abu Dhabi’s major sovereign wealth fund, to discuss a potential US$7 trillion investment to develop an AI chipmaker to compete with Nvidia.

Furthermore, the UAE’s commitment to generative AI is evident in its recent launch of a ‘Generative AI’ guide. This guide aims to unlock AI’s potential in various fields, including education, healthcare, and media. It provides a detailed overview of generative AI, addressing digital technologies’ challenges and opportunities while emphasising data privacy. The guide is designed to assist government agencies and the community leverage AI technologies by demonstrating 100 practical AI use cases for entrepreneurs, students, job seekers, and tech enthusiasts.

This proactive stance showcases the UAE’s commitment to participating in and leading the global AI race, positioning it as a nation to watch in the rapidly evolving tech scene.

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The report states that MGX — a state-backed group in Abu Dhabi — is in discussions to support OpenAI’s venture to build AI chips in-house. This information comes from two individuals with knowledge of the discussions.

In order to achieve its goal of creating semiconductor chips internally, OpenAI is reportedly seeking investments worth trillions of dollars from investors worldwide. By manufacturing its own chips, the San Francisco-based company aims to reduce its reliance on Nvidia, the current global leader in semiconductor chip technology.

As part of its funding efforts, OpenAI struck a deal with Thrive Capital in February 2023, which reportedly increased the company’s valuation to more than $80 billion, marking an almost threefold increase in under 10 months.

This comes as the UK semiconductor sector gains enhanced access to research funding through the country’s participation in the EU’s ‘Chips Joint Undertaking’.

The UK’s participation in the Chips Joint Undertaking provides the British semiconductor sector with enhanced access to a €1.3 billion pot of funds set aside from Horizon Europe to support research in semiconductor technologies up to 2027. The move is backed by an initial £5 million from the UK government this year, with an additional £30 million due to support UK participation in further research between 2025 and 2027.

“Our membership of the Chips Joint Undertaking will boost Britain’s strengths in semiconductor science and research to secure our position in the global chip supply chain,” said Technology Minister Saqib Bhatti. “This underscores our unwavering commitment to pushing the boundaries of technology and cements our important role in shaping the future of semiconductor technologies around the world.”

Back in the UAE, MGX — the group behind the potential investment in OpenAI — is an AI-focused fund launched earlier this week and headed by the UAE’s national security adviser, Sheikh Tahnoon Bin Zayed al-Nahyan. The fund was established in collaboration with G42 and Mubadala, with G42 having already entered into a partnership with OpenAI in October 2023 as part of the company’s Middle East expansion.

During the G42 partnership deal, OpenAI CEO Sam Altman stated that they plan to bring AI solutions to the Middle East that “resonate with the nuances of the region.”

One of the sources briefed on the MGX fund emphasised, “They’re looking at creating a structure that will put Abu Dhabi at the centre of this AI strategy with global partners around the world.”

As the race to develop cutting-edge semiconductor technologies intensifies, both the UAE and the UK-EU are positioning themselves as key players.

(Photo by Wael Hneini on Unsplash)

See also: EU approves controversial AI Act to mixed reactions

Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The comprehensive event is co-located with other leading events including BlockX, Digital Transformation Week, and Cyber Security & Cloud Expo.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

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