UAE energy giant ADNOC eyes AI to transform the oil and gas industry

UAE energy giant ADNOC eyes AI to transform the oil and gas industry

Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the launch of AIQ, an artificial intelligence (AI) joint venture company with Group 42.

The completion of the formation of AIQ follows the signing of the JV agreement between ADNOC and G42, an Abu Dhabi-based AI and cloud computing company, in November 2019 with ADNOC holding a 60 percent stake.

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ADNOC said AIQ will focus on developing and commercialising AI products and applications for the oil and gas industry using G42's expertise in AI modeling, supercomputing and its team of data scientists and software engineers.

Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Group CEO, said: "Through this new joint venture, we are able to accelerate