Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced a strategic partnership with QX Lab AI, a Dubai-based artificial intelligence (AI) firm, to inaugurate the DMCC AI Centre later this year.QX Lab AI's 'Ask QX' platform, as detailed in an official release, offers generative AI capabilities that can be seamlessly integrated into various services, including online chat functions. This innovative technology is poised to enhance productivity for businesses and individuals alike. The platform's neural architecture not only ensures scalability but also contributes to cost reduction in computational power, bolstering platform security, and fortifying defenses against potential data breaches. With aspirations to become the world's first AGI (Artificial General Intelligence) company to access and leverage a staggering 372 billion parameters, QX Lab AI aims to revolutionize the AI landscape.

Commenting on the partnership, Ahmed Bin Sulayem, the executive chairman and chief executive officer of DMCC, expressed anticipation for the launch of the DMCC AI Centre and underscored the potential benefits it could bring. He emphasized that the collaboration with QX Lab AI would provide DMCC and its members with unprecedented opportunities to enhance efficiency, productivity, and platform security on a large scale. Bin Sulayem hailed this initiative as a testament to DMCC's commitment to pioneering innovations in the industry.