{"id":7624,"date":"2024-02-13T12:40:48","date_gmt":"2024-02-13T11:40:48","guid":{"rendered":"https:\/\/shams-alyaoum.com\/en\/?p=7624"},"modified":"2024-02-13T12:40:48","modified_gmt":"2024-02-13T11:40:48","slug":"uaes-technology-innovation-institute-launches-falcon-foundation-to-champion-open-sourcing-of-generative-ai-models","status":"publish","type":"post","link":"https:\/\/shams-alyaoum.com\/en\/uaes-technology-innovation-institute-launches-falcon-foundation-to-champion-open-sourcing-of-generative-ai-models\/","title":{"rendered":"UAE\u2019s Technology Innovation Institute Launches \u2018Falcon Foundation\u2019 to Champion Open-sourcing of Generative AI Models"},"content":{"rendered":"<ul>\n<li><strong><i><span lang=\"\">Foundation to drive knowledge sharing, accelerate democratization of AI<\/span><\/i><\/strong><\/li>\n<li><strong><i><span lang=\"\">TII commits US$300 million for future project funding<\/span><\/i><\/strong><\/li>\n<\/ul>\n<div class=\"content  content-justify \">\n<p>&nbsp;<\/p>\n<p><span lang=\"\">The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi\u2019s Advanced Technology Research Council (ATRC), today announced the launch of the \u2018Falcon Foundation\u2019. The non-profit Falcon Foundation is dedicated to advancing\u00a0<\/span><span lang=\"en-AE\">the development of open-source Generative AI models and\u00a0<\/span><span lang=\"EN-GB\">to building sustainable ecosystems around open-source projects that accelerate technology development. As a founding member, TII is committing to provide US$300 million to fund these projects.<\/span><\/p>\n<p><span lang=\"\">The launch of the Falcon Foundation took place at the prestigious World Governments Summit (WGS) 2024 and marks a critical juncture in convening stakeholder collaboration to establish transparent governance models and encourage knowledge exchange as AI continues to chart a relentless growth path.<\/span><\/p>\n<p><span lang=\"\">Commencing with TII\u2019s powerful homegrown Falcon AI models, the Foundation will convene stakeholders, developers, academia, and industry,\u00a0 as well as individuals, and will help realize the power of cooperative decision-making among the contributors. It will accelerate the democratization of AI with the help of notable Falcon Foundation Ambassadors \u2013 eminent AI professors in universities around the world, as well as key industry players in the field of AI.<\/span><\/p>\n<p><span lang=\"\">The Foundation is to support the customization of the Falcon models to address specific industries or sectors. By enabling open computing resources for the continued research and development of Falcon AI, the Foundation will provide a robust ecosystem to ensure the adaptability of the models across a broad spectrum of applications and contexts.<\/span><\/p>\n<p><span lang=\"\">Remarking on the announcement, H.E. Faisal Al Bannai, Secretary General of ATRC, said: \u201c<\/span><span lang=\"en-AE\">In a world where AI continues to advance at an unprecedented pace, initiatives like the Falcon Foundation play a crucial role in steering the trajectory of AI development towards greater transparency and accessibility.\u201d<\/span><\/p>\n<p><span lang=\"\">Dr. Ray O. Johnson, CEO of TII, stated: &#8220;We&#8217;re committed to fostering transparency and collaboration in AI. Extending the UAE&#8217;s collaborative spirit into AI development, we set new standards for openness and we encourage all other entities who support open source from around the world to join us.&#8221;<\/span><\/p>\n<p><span lang=\"\">The Foundation\u2019s beneficiaries will encompass all entities that work with and champion open-source responsible AI. In minimizing dependence on external vendors, the Falcon Foundation ensures business continuity through enabling independent technological choices. As an organization open to all and every stakeholder committed to open source, the Foundation will leverage global best practices as part of its regulatory and legal framework for artificial intelligence.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Foundation to drive knowledge sharing, accelerate democratization of AI TII commits US$300 million for future project funding &nbsp; The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi\u2019s Advanced Technology Research Council (ATRC), today announced the launch of the \u2018Falcon Foundation\u2019. The non-profit Falcon Foundation is &hellip;<\/p>\n","protected":false},"author":2,"featured_media":7625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,2],"tags":[],"class_list":["post-7624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hi-tech","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UAE\u2019s Technology Innovation Institute Launches \u2018Falcon Foundation\u2019 to Champion Open-sourcing of Generative AI Models - Magazine Shams Al Yaoum<\/title>\n<meta name=\"description\" content=\"Foundation to drive knowledge sharing, accelerate democratization of AI TII commits US$300 million for future project funding &nbsp; The Technology\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shams-alyaoum.com\/en\/uaes-technology-innovation-institute-launches-falcon-foundation-to-champion-open-sourcing-of-generative-ai-models\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Technology Innovation Institute Launches \u2018Falcon Foundation\u2019 to Champion Open-sourcing of Generative AI Models - Magazine Shams Al Yaoum\" \/>\n<meta property=\"og:description\" content=\"Foundation to drive knowledge sharing, accelerate democratization of AI TII commits US$300 million for future project funding &nbsp; 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