(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 10. C4IR (Center
for Analysis and Coordination of the Fourth Industrial Revolution
Center) Azerbaijan is preparing to implement large artificial
intelligence (AI) language models, the center's Executive Director
Fariz Jafarov said at the "Diving into the digital and metaverse
economy" panel within the Chain Reaction 2024 forum in Baku today,
Trend
reports.
"We began developing a digital Economy strategy for Azerbaijan
last year. As of today, it is complete, and we have identified 51
major initiatives that will be implemented by 2030. These
initiatives aim to enhance people's skills, modernize
infrastructure, and digitalize businesses under the Industry 4.0
concept.
We are also preparing to introduce large AI language models in
Azerbaijan. We plan to create a digital twin project for the
country to better understand what is happening in the economy and
what values are being created," he said.
According to him, significant investments will be made in
continuous education for citizens - the program will involve 650
different companies that will undergo digital transformation and
participate in Industry 4.0 projects.
"We'll conduct diagnostics to identify gaps and define a vision
for the future, then develop transformation programs. At the same
time, the government is ready to fund international certifications
for citizens, covering their costs to quickly build a qualified
workforce in the country.
We are also collaborating with universities and plan to create a
major next-generation technology center in Azerbaijan where
businesses can see firsthand how they need to become digital. In
collaboration with Google, we are developing GIS programs, and with
Apple, we are working on a project to establish four certification
centers in partnership with universities to train students," he
noted.
He mentioned that Azerbaijan has also become one of 22 countries
to open C4IR.
"This confirms our active involvement with the World Economic
Forum. As part of this initiative, we are implementing projects
related to artificial intelligence in energy and even in sports,
such as AI programs in wrestling. Our goal is to become a catalyst
for change in market sectors, helping the government, businesses,
and society adapt to the digital world, attracting international
experts for discussions and experience sharing.
We are also actively supporting initiatives in cryptocurrencies,
blockchain, Web3, and the metaverse, recognizing their critical
role in the digital economy of the future. Our collaboration with
Binance is aimed at raising awareness about cryptocurrencies and
blockchain, as well as developing university projects related to
Web3," added Jafarov.
To note, the first day of the Chain Reaction 2024 forum is being
held in Baku.
The crux of the event revolves around blockchain, Web3,
artificial intelligence, and digital assets.
The first day will feature the following panels: "Diving into
the digital and metaverse economy", "Crypto leading innovation in
digital finance", "Crypto Capital: How Switzerland is transforming
into Europe's digital asset leader?", "Blockchain utility: Where do
governments & enterprises see value in the technology", "Creating
an integrated innovation ecosystem", "Leveraging AI to enhance
organisational productivity," "State of the crypto market; What is
the driving factor?" as well as presentations themed "How banks are
transitioning from Web 2 to Web 3" and "Web 3 driving change in
fixed income".
The forum will run for two days.
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