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Dubai AI & Web3 Festival Attracts 6,800 Visitors from over 100 Countries

Sep 12, 2024
  1. Key Highlights of the Festival
  2. Major Announcements and Launches
  3. Future Plans and Prospects

Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, Chairman of The Executive Council of Dubai, and Chairman of the Higher Committee for Future Technology and Digital Economy, the Dubai AI & Web3 Festival organised by the Dubai AI Campus in strategic partnership with DIFC and the Minister of State for Artificial Intelligence, Digital Economy & Remote Work Applications Office, successfully concluded today.

Key Highlights of the Festival

The two-day Festival brought together more than 6,800 delegates from over 100 countries to explore and expand the commercial possibilities of AI and Web3 technologies. Attendees included government officials, heads of State, academics, business leaders from future focused industries and representatives from AI and Web3 firms. More than 100 exhibitors showcased cutting-edge emerging technologies.

Major Announcements and Launches

During the festival, Arif Amiri, Chief Executive Officer of DIFC Authority, noted that 20 years ago DIFC emerged as a key pillar to support Dubai’s economic diversification efforts, highlighting the role of innovation in advancing the region. During his speech, Amiri also announced the immediate launch of the Dubai AI License, which aims to attract more companies to Dubai. DIFC also announced the launch of the 'AI as a Service' concept, which will help companies assess readiness for AI, identify opportunities, and develop strategies. During the festival, AI and Web3 companies competed in the Future Tech World Cup.

Future Plans and Prospects

Key moments of the second day included in-depth discussions on inclusion and diversity, decentralized intelligence, managing risk in AI implementation, and legal aspects of AI, among other topics. These also included interoperability, predictive modeling, AI applications, and more. To promote the adoption of AI and Web3 technologies, the Dubai AI Campus signed several agreements, including with Dubai Civil Defense, Holon, Kearney, NayaOne, SIEF, Visa, Warba Bank, and Zurich. The second edition of the festival is set to take place in November next year, and by 2027, the festival aims to become one of the world's largest AI events.

The inaugural edition of the Dubai AI & Web3 Festival gathered over 6,800 delegates from more than 100 countries. Key topics included new technologies, regulatory aspects, and the future of AI and Web3 integration. The second edition of the festival will be held in November next year.

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