Chennai: IIT Madras Global Research Foundation will establish its first applied artificial intelligence innovation centre at Dubai CommerCity to accelerate applied AI innovation and support technology-led economic growth. A release said that in its first phase, the Centre will host six applied AI startups with a combined valuation of about $118 million and projected revenues of $281 million over the next five years.“The launch of the Applied AI Innovation Centre in Dubai marks a pivotal step in globalizing IIT-M’s research. Coinciding with the India AI Impact Summit, this initiative bridges academic breakthroughs with industrial scale to drive ‘human-centric AI,” said prof Raghunathan Rengaswamy, dean (global Engagement), IIT-M.“This MoU operationalises the India-UAE technology corridor, establishing a high-velocity ecosystem in Dubai that accelerates market access for startups and translates responsible AI research into economic value across the GCC,” said Thirumalai Madhavnarayan, CEO, IIT-M Global. TNN
