Dubai to get AI and Web 3.0 campus at DIFC

Dubai to get AI and Web 3.0 campus at DIFC

Dubai: Dubai will soon be home to a new AI and Web 3.0 campus, it was announced on Monday. The ‘Dubai AI & Web 3.0 Campus’ will be built by Dubai International Financial Centre at the DIFC Innovation One premises, and will expand into a 100,000 sqft facility in the next five years. The campus will focus on the use of AI and Web 3.0 in the financial services industry, and will be home to visionary entrepreneurs, disruptors and engineers who possess a deep passion for emerging technologies. It will provide world-class physical and digital infrastructure including R&D facilities, accelerator programmes and collaborative workspaces, to attract, build and scale AI companies. Essa Kazim, Governor of DIFC, said: “DIFC’s 2030 strategy is central to shaping the future of finance and innovation. AI is expected to inject Dh103 billion into the UAE economy by 2035 and contribute 14 per cent to the country’s GDP by the end of the decade. The Dubai AI & Web 3.0 Campus will significantly contribute to this growth as a global nexus for R&D, investment, and innovation by attracting over $300 million in collective funds, 500+ global AI and Web 3.0 start-ups, and create 3000+ jobs by