UAE’s Falcon Foundation: Open-Sourcing GenAI Models for Innovation

TLDR: The Technology Innovation Institute (TII) has launched the Falcon Foundation, a non-profit organization dedicated to the advancement of open-source Generative AI models. TII has committed to providing $300 million in funding for projects that accelerate technology development. The foundation aims to promote transparency and collaboration in AI and encourages stakeholders, developers, academia, and industry to contribute to the development of Falcon AI models. The foundation will customize the Falcon models to cater to specific industries and contexts and provide open computing resources for their continued research and development.