Where is IIT Madras Global Research Foundation set to establish its first Applied Artificial Intelligence Innovation Centre?
- AOption (a)
Abu Dhabi Global Market
- BOption (b)
Riyadh Tech Valley
- COption (c)
Dubai CommerCity
- DOption (d)
Doha Science and Technology Park
View answer & explanationHide answer & explanation
Correct answer
Dubai CommerCity
Why this answer is correct
The correct answer is Dubai CommerCity.
In News
- IIT Madras Global Research Foundation is set to establish its first Applied Artificial Intelligence Innovation Centre at Dubai CommerCity.
- The initiative aims to accelerate applied AI innovation and support technology-led economic growth.
Key Points
- The Centre will initially host six applied AI startups with a combined valuation of approximately US$118 million.
- Projected revenues of these startups are estimated at US$281 million over the next five years.
- The initiative is facilitated by MCA Gulf, a strategic partner of IITM Global in Dubai.
- The Centre aims to position Dubai as a regional and global launchpad for applied AI innovation.
Additional Information
- Dubai CommerCity: A leading free zone dedicated exclusively to digital commerce in the Middle East, Africa and South Asia (MEASA) region.
- IIT Madras Global Research Foundation: A strategic platform designed to take IIT Madras’s academic, research and innovation capabilities to the global stage.
- Applied Artificial Intelligence: Refers to the practical deployment of AI technologies to solve real-world business and societal challenges.
- MEASA Region: Stands for Middle East, Africa and South Asia, a rapidly growing market for digital and technology-driven enterprises.