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UAE Business: Adnoc, G42 and Presight to speed up AI in energy sector

AIQ restructure to help speed up AI in energy sector

Adnoc, G42 and Presight AI Holding have announced a new shareholding structure for AIQ under which Presight will acquire a 51% stake in AIQ with Adnoc retaining a 49% shareholding (previously G42 40%, Adnoc 60%).

Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ

The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.

AIQ to undergo structural changes

AIQ to undergo structural changes
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Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ

The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.

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