The Technology Innovation Institute (TII) in Abu Dhabi has partnered with Quantinuum to gain access to advanced quantum computing systems, including Quantinuum's upcoming Helios system. This agreement aims to accelerate the development and benchmarking of quantum computing algorithms and commercial applications in the UAE. TII's Quantum Research Center will leverage this access to improve quantum algorithms and train algorithm developers. Why it matters: This partnership strengthens the UAE's position as a global leader in science and technology by providing access to state-of-the-art quantum computing resources.
KAUST and Research Products Development Company (RPDC) have signed a partnership agreement to support technology commercialization and early-stage startups in Saudi Arabia. RPDC and the KAUST Innovation Fund will co-invest in startups and establish a joint mentorship and startup exchange program. RPDC will co-invest or match KAUST funding of up to $2 million into deep tech startups at the proof-of-concept, seed and series A funding stages. Why it matters: This collaboration aims to bolster the innovation ecosystem within Saudi Arabia, accelerating the transition of academic research to commercial applications.
KAUST and Saudi Aramco have partnered to establish the Saudi Arabia Advanced Research Alliance (SAARA) and Technovia, a company focused on commercializing R&D in Saudi Arabia. SAARA includes KACST, KFUPM, TAQNIA, and RTI International, aiming to translate technology into commercially viable products. Technovia, located in Dhahran Techno Valley, will prepare technologies for market entry and secure external investment. Why it matters: This initiative aims to accelerate technology development and economic diversification in Saudi Arabia by bridging the gap between research and commercial applications, potentially fostering innovation across various industrial sectors.
MBZUAI is hosting a talk by Dr. Kai-Fu Lee, titled ‘Commercial Applications of AI’ on December 8, 2020. Dr. Lee, an MBZUAI Board of Trustees member, will discuss the evolution of AI and its potential to create value. He posits that "AI is the new electricity," emphasizing its transformative impact. Why it matters: The talk highlights MBZUAI's role in fostering discussions around AI's commercial applications and its broader impact on society and the economy.