The University of Cyprus is proud to announce the establishment of the "Chair of Artificial Intelligence" at the Department of Computer Science of the University of Cyprus. The signing of the agreement was held on Wednesday, September 25th. XM Group undertakes the funding of the Chair for 10 consecutive years, with the intention of promoting research and education and the exploitation of research results in the field of AI. The funding of more than one million euros, entails the creation of the Chair and its establishment through the appointment of a Professor. This collaboration is the culmination of the University's outward-looking approach and strong strategic alliances with external partners. The establishment of the XM Chair in Artificial Intelligence (AI) aims to foster cutting-edge research and education. Through the Chair, a significant set of actions will be promoted in the field of AI, including research, education, student placements, and human resource development. The Vice Rector of Academic A ffairs, Professor Eleni - Tatiana Synodinou, presented the objectives, the actions and the prospects through the establishment of the XM Chair. The establishment of the XM Chair and the emerging collaborative research prospects, demonstrate the high value of research, expertise, and innovation produced at the University of Cyprus. The Vice Rector pointed out that the University of Cyprus seeks to lead as a fundamental pillar of the Cypriot research ecosystem and as a pole of international research excellence and distinction. The opening of the XM Chair is expected to enrich and promote research in the field of AI, with multiple benefits for the academic community, society and the economy. It is expected to be established as an essential hub of academic excellence and contribute to the development of the University in an interdisciplinary manner. Overall, the Chair's activities are expected to add significant value to both partners and generate joint investments for the future of the country and the new genera tion. Professor Synodinou expressed her sincere gratitude to the XM Group of Companies for its confidence in the University of Cyprus. The Chairman of the Council of the University of Cyprus, Tasos Anastasiou in his address indicated that the fact that XM, an international organization with the financial strength to establish a Chair at top academic institutions abroad, chose the University of Cyprus to establish a Chair in the field of Artificial Intelligence is, for us, a significant vote of confidence. It fills us with pride and creates the right conditions to showcase our potential in cutting-edge technologies. Dr. Stavri Morti, co-CEO of the XM Group, noted: 'This collaboration represents a significant milestone in XM's commitment to fostering innovation and academic excellence in Cyprus and beyond. The establishment of the XM Chair in Artificial Intelligence aligns perfectly with our vision of leveraging cutting-edge technology to drive progress and create value. We believe the research and educationa l activities stemming from this Chair will not only enrich the academic community but also have a far-reaching impact on society and the economy. We are confident that the groundbreaking work emerging from this Chair will advance the field of AI, both locally and globally. We extend our sincere gratitude to the University of Cyprus for this partnership. Together, we are committed to pushing the boundaries of AI research, fostering a culture of innovation, and contributing to the technological advancement of Cyprus and beyond.' In his opening address, the Rector, Professor Tasos Christofides stated that through the XM Chair, the University seeks to leverage the potential of AI, providing the next generation with the necessary skills and knowledge, shaping the new educational and research process both in and beyond the university. As an academic institution he said, we will rise to the current challenges of the academia and society with interdisciplinarity and by exploiting the technological possibilities of the present and the future. About XM Group XM is a global leader in the online financial services sector, committed to innovating the future of online trading. Founded in 2009, XM has exponentially grown, employing over 1,400 people worldwide. Headquartered in Cyprus, the group operates in regulated jurisdictions, including the UK, USA, UAE, Australia, and South Africa. XM's vision is to continue leading the online trading industry, driving the introduction of innovative products and services, while upholding its strong, people-centric culture. Guided by its core values 'Big. Fair. Human.', XM is consistently recognized as a top-rated workplace, having earned the Platinum accreditation from Investors In People, alongside the recognition as one of the top Best Workplaces. Source: Cyprus News Agency
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