Innovation accelerated: MBZUAI announces new center of Foundation Models to spearhead research and application of generative AI

Summary

MBZUAI has launched the Institute of Foundation Models to advance generative AI research and development. The institute will focus on developing large-scale AI models adaptable to various applications, building on MBZUAI's existing work with models like Jais, Llama 2, and Vicuna. It will focus on multi-modal foundation models applicable to areas like healthcare, finance and environmental engineering. Why it matters: This initiative further solidifies the UAE's position as a leader in AI, particularly in the development and application of foundation models for diverse industries.