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ADQ announced the start of cooperation with EQTY lab

news agency wam , 2 Oct 2024 - 18:21

 ADQ, an investment and holding company based in Abu Dhabi, has published a statement announcing the start of cooperation with EQTY Lab, a provider of artificial intelligence solutions.


According to Amac News: ADQ's statement states that this partnership is in line with ADQ's portfolio management approach, which focuses on identifying and continuously exploiting opportunities for sustainable value creation, transformation and growth to create confident sector leaders and national champions.
Through collaboration with EQTY Labs, the teams will deploy a new set of AI integrations that ensure ADQ's AI models are reliable, secure, transparent, and aligned with the highest AI governance standards.
This effort is part of ADQ's commitment to encourage adoption of best practices and drive transformation across its portfolio.
The collaboration between ADQ and EQTY Lab began in 2023 with the launch of ClimateGPT. It is the first open source AI model built specifically to address climate change and sustainability.
ClimateGPT's primary node is hosted at Abu Dhabi's Al Dhafra Solar PV, the world's largest single-site solar power plant, ensuring the platform is powered entirely by renewable energy.
 ADQ and its portfolio companies, ADNEC Group, Etihad Rail, TAQA and Masdar, are the first companies to deploy this technology in the UAE.
Masdar, part of the ADQ portfolio through TAQA, now employs ClimateGPT to support research and implementation of ESG initiatives.
The teams worked with the ADNEC Group team, configured the model and successfully built a custom library of global research that will support the research efforts of the Group's ESG team.
It is expected that by 2030, artificial intelligence will have a significant contribution to the Middle East's GDP in various sectors.
The biggest economic impact is expected from the construction and manufacturing sector, which is estimated at 99 billion US dollars.
Energy, water and electricity, and resources will increase with a projected share of $78 billion, and the public sector, including health and education, will increase with $59 billion.
The United Arab Emirates is set to experience the largest impact relative to its GDP, with a 14 percent increase by 2030.


Story Code: 1723

News Link :
https://www.amacnews.com/en/news/1723/adq-announced-the-start-of-cooperation-with-eqty-lab

AMAC
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