ADNOC, G42 and Presight Partner to Accelerate AI Solutions for the Energy Sector

ADNOC, G42, and Presight have announced a new ownership structure for AIQ, with Presight acquiring 51% of the shares while ADNOC retains 49%. This deal values AIQ at over $1.4 billion. ADNOC will benefit from a 4% stake in Presight, enhancing its leadership in AI solutions and solidifying its position as a global leader in AI-enabled energy companies. This partnership will unlock significant growth opportunities in the energy sector. AIQ will continue to operate independently within Presight's portfolio of big data analytics, reinforcing its role as a leader in AI solutions tailored for energy.