Abu Dhabi’s Advanced Technology Research Council (ATRC) has introduced an AI company known as AI71, a competitor to other big AI firms like OpenAI.

This comes as Abu Dhabi is fighting for a significant share of the global AI market, with eyes on becoming a global hub for the fast-growing technology.

AI71 is central to “economic verticals”

The Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed, officially launched the company. ATRC’s subsidiary VentureOne will take the AI company to the market across multiple domains.

The National reports that the AI71, which is built on the Falcon large language models, seeks to democratize access to AI. According to the secretary general of the council, Faisal Al Bannai, the AI71’s main purpose is to “cater for the key economic verticals.”

The initial stage will see the launch of AI71 for medical, education, legal, and government fields, with “many others” to come