Immerso AI, a subsidiary of the Eros Investments Group and a leading Generative AI company with intellectual property and licensed data, has announced a strategic partnership with Gewan AI, a prominent UAE technology company specializing in Generative AI. The announcement was made live at Investopia’s 3rd edition in Abu Dhabi, UAE.
The partnership aims to focus on areas of Ethical AI and joint product development. Immerso AI, with access to trillions of licensed training data and brand partnerships in the Middle East and South Asia, will collaborate closely with Gewan AI on joint AI projects in the region. They will also work together to promote the principles of Ethical AI with other clients and partners and develop cutting-edge foundation models in sectors such as secure media transmission, entertainment, education, digital humans, and commerce.
Ali Hussein, CEO of Immerso AI, highlighted the importance of Generative AI models and LLM’s in the region’s deep technology evolution, emphasizing localization and customization for product adoption. Waleed Alhadhoud, Chief Executive Officer of Gewan AI, expressed excitement about the partnership and its potential to scale development and reach partners and clients worldwide.
Generative AI is expected to have significant economic potential, with GCC countries projected to reap about $23.5 billion in economic benefits by 2030. According to a recent study from the McKinsey Global Institute, Generative AI could generate value equivalent to anywhere between $2.6 trillion and $4.4 trillion global corporate profits annually across 63 use cases.