Hub71, Abu Dhabi’s premier global tech ecosystem, has unveiled Hub71+ AI, a dedicated ecosystem to support startups leveraging artificial intelligence (AI) across sectors. Announced during Abu Dhabi Finance Week, this initiative provides cutting-edge infrastructure and resources to fuel AI innovation, aligning with the UAE capital’s vision for economic transformation.

Notably, Abu Dhabi has experienced a 67% compound annual growth rate (CAGR) in AI companies between 2021 and 2023. In the first half of 2024 alone, a new AI company was founded every two days. Hub71+ AI aims to sustain and amplify this momentum by equipping startups with tools, mentorship, and market entry pathways.

Hub71+ AI is backed by a robust network of anchor partners and global leaders:

• AI71: Offering AED250,000 in compute power credits and access to Falcon Large Language Models.

• Core42: Providing cloud credits, sovereign cloud solutions for regulated industries, and integration with the broader G42 ecosystem.

• NVIDIA, AWS, HPE, and Google for Startups: Supplying startups with cloud credits, technical expertise, and market connections.

• Academic Institutions: Mohamed Bin Zayed University of AI and 42 Abu Dhabi are contributing research, talent, and consulting support.

Ahmad Ali Alwan, CEO of Hub71, emphasized Abu Dhabi’s commitment to advancing global AI leadership. “Hub71+ AI will empower founders with unparalleled resources and collaborations to drive innovation and scale globally.”