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UAE Technology Innovation Institute Launches Falcon Foundation To Promote Open Source Generative AI Models

By Business Wire

Business Wire
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Dubai, United Arab Emirates--(  )--The Technology Innovation Institute (TII), a pioneering global scientific research center and the applied research pillar of the Abu Dhabi Advanced Technology Research Council Dhabi (ATRC), today announced the launch of the “Falcon Foundation”. The nonprofit Falcon Foundation is dedicated to developing open-source generative AI models and building sustainable ecosystems around open-source projects that accelerate technology development. As a founding member, TII is committed to providing US$300 million to finance these projects.

The Falcon Foundation was launched at the prestigious World Government Summit (WGS) 2024. It represents a crucial turning point in facilitating collaboration among stakeholders aimed at establishing transparent governance models and encouraging knowledge exchange to support the rapid growth of artificial intelligence (AI).

Starting with the powerful Falcon AI models developed by the Technology Innovation Institute (TII), the Foundation will bring together stakeholders, developers, academia, industry and even individuals, to facilitate collaborative decision-making between contributors to fully exploit the potential of this approach. TII will also accelerate the democratization of AI with the help of Falcon Foundation Ambassadors – including leading AI professors from universities around the world, as well as key players in the AI ​​industry.

The Foundation will support the customization of Falcon models to meet the specific needs of particular industries or sectors. By enabling open access to computational resources for continued research and development of Falcon AI, the Foundation will provide a robust ecosystem ensuring models are adaptable to a wide range of applications and contexts.

Marking the announcement, HE Faisal Al Bannai, Secretary General of the ATRC, said: “In a world where AI continues to advance at a rapid pace never before seen, initiatives like the Falcon Foundation play a crucial role in steering the trajectory of AI development towards greater transparency and accessibility.”

Dr. Ray O. Johnson, CEO of TII, said: “We are committed to promoting transparency and collaboration in the field of AI. “By extending the UAE’s spirit of collaboration to AI development, we are setting new standards of openness and we encourage all other entities supporting open source around the world to join us.”

Foundation beneficiaries will encompass all entities that work with and support open-source responsible AI. By minimizing dependence on external suppliers, the Falcon Foundation ensures business continuity by enabling independent technology choices. As an organization open to all stakeholders engaged in open source, the Foundation will leverage global best practices as part of its regulatory and legal infrastructure for artificial intelligence.

The Falcon Foundation's commitment to open source and AI innovation reflects a forward-thinking approach that propels Abu Dhabi and the UAE into a technology-driven future and helps the international community to harvest cross-sector collaborations for major advances in AI.

The text of the press release resulting from a translation should in no way be considered official. The only authentic version of the press release is that of the press release in its original language. The translation must always be compared with the source text, which will set a precedent.

Source: AETOSWire

Contacts

Jennifer Dewan, Senior Communications Manager
jennifer.dewan@tii.ae .

First published on Tue, Feb 13, 2024

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Technology Innovation Institute (TII) Falcon Foundation Open-source Generative AI Models Falcon AI Abu Dhabi Advanced Technology Research Council Dhabi

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