Abu Dhabi’s Presight AI to raise over $495mln in IPO
Abu Dhabi-based G42 Group, an artificial intelligence (AI) and cloud computing technology company, is selling a 32% stake or 1.35 billion shares in its subsidiary, Presight AI, in an initial public offering (IPO) that is set to raise 1.82 billion dirhams ($495.6 million). The IPO price is set at AED1.34 per share, with the subscription […]
RAM Investment plans AI City Dubai
Sheikh Rashid Bin Ahmed Al Maktoum, Chairman of RAM Investment, has announced a partnership with Europe’s leading artificial intelligence (AI) venture studio and ecosystem Merantix to conceptualise the AI City Dubai, a proposed free zone where impactful AI solutions will be pioneered, implemented and scaled. AI City will be a global AI hub, powered by […]
AIQ works with AWS to quicken innovation in the energy sector
AIQ, a technology pioneer focused on the artificial intelligence (AI)-powered transformation of the energy sector, announced it is working with Amazon Web Services (AWS) to accelerate digital transformation across the sector. The agreement was reached at the recently-concluded Abu Dhabi International Petroleum Exhibition and Conference (Adipec) 2022. Under the agreement, AIQ and AWS will develop […]
Abu Dhabi, France’s Sanofi tie up in four key healthcare areas
UAE – The Department of Health, Abu Dhabi (DoH) and France’s Sanofi, a global leader in healthcare, have signed a Declaration of Collaboration to tie up in four strategic healthcare areas. The agreement includes cooperation to launch a clinical research project and patient recruitment protocol. In relation to hematology and oncology, DoH and Sanofi agreed to […]