Presight to acquire a 51% stake in AIQ from ADNOC and G42.

Presight AI Holding plc, a publicly listed AI and big data analytics company, agreed to acquire a 51% stake in AIQ, a company providing AI solutions for the energy sector, from ADNOC, a state-owned oil company, and G42, an AI technology holding group. Financial terms were not disclosed. “The UAE has embraced AI to drive productivity, economic growth and social advancement, with ADNOC laser-focused to become the world’s most AI-enabled energy company, delivering smarter, cleaner and safer energy to the world. Our partnership with Presight will further AIQ’s capabilities, advance ADNOC’s ambition to pioneer technology and AI to build the energy system of tomorrow, with data integration from the control room to the board room," H.E. Dr. Sultan Ahmed Al Jaber, ADNOC Managing Director.