IIT-Madras to establish applied AI innovation centre in Dubai
IIT-Madras’s Global Research Foundation will establish its “first Applied AI Innovation Centre” at Dubai CommerCity to boost technology-led economic growth, officials said on Wednesday.
In its initial phase, the centre will host six applied AI startups with a combined valuation of around USD 118 million and projected revenues of USD 281 million over the next five years, according to a press release.
The initiative is being facilitated by MCA Gulf, a strategic partner of IITM Global in Dubai, the release added.
