Abu Dhabi: ADQ, a prominent Abu Dhabi-based investment and holding company, has collaborated with Switzerland’s EQTY Lab, an AI solutions provider, to accelerate AI adoption across its diversified portfolio. This association aligns with ADQ’s strategy of sustainable value creation and growth, desired to shape future-proof sector leaders and national champions.
ADQ’s comprehensive portfolio spans critical economic sectors, including healthcare, energy, manufacturing, transportation, and agriculture. Through this collaboration, AI will be used to improve operational efficiency, reduce costs, and foster innovation, with a focus on sustainability and climate action.
Hamad Al Hammadi, Deputy Group Chief Executive Officer of ADQ, stated that, “Artificial intelligence is not just a technological improvement, but a new way to sense and interact with the world. It can revolutionize industries, enhance human capabilities, and drive innovation. Our partnership with EQTY Lab strengthens our commitment to expediting responsible AI adoption and supporting national objectives for a sustainable, interconnected future.”
AI Integrity and ClimateGPT: A milestone in AI Governance
One key characteristic of the partnership is the launch of an AI Integrity suite, designed to ensure ADQ’s AI models are secure, transparent, and aligned with the highest standards of governance. This initiative seeks to build trust in AI by ensuring accountability and best practices throughout AI deployments.
تهدف شراكة “القابضة” (ADQ) مع (EQTY Lab)، الشركة المزودة لحلول الذكاء الاصطناعي ومقرها سويسرا، إلى تعزيز استخدام تقنيات الذكاء الاصطناعي بطريقة مسؤولة ضمن محفظة شركاتها. وتتماشى هذه الشراكة مع استراتيجية “القابضة” (ADQ) في إدارة المحافظ والتي تركز على تحديد الفرص المناسبة لإضافة… pic.twitter.com/ly9iNczRH0
— ADQ (@Adq_Official) October 2, 2024
The collaboration also celebrates the continued success of ClimateGPT, an open-source AI model co-developed with EQTY Lab in 2023. This model, powered by Erasmus and trained by Apptek, was designed to manage climate change by incorporating data from over 300 billion climate-specific sources. Hosted at the Al Dhafra Solar PV plant, one of the world’s largest single-site solar plants—ClimateGPT is powered wholly by renewable energy.
ADQ’s portfolio companies, including Masdar, ADNEC Group, Etihad Rail, and TAQA, have initiated incorporating ClimateGPT to accelerate climate action and sustainability initiatives. Masdar, for instance, is using the model to explore renewable energy trends and enhance the efficiency of its ESG (environmental, social, and governance) efforts.
Economic impact of AI in the Middle East
By 2030, AI is anticipated to contribute significantly to the region’s GDP. The structure and manufacturing sectors are projected to experience the largest boost, contributing $99 billion, while energy and utilities are expected to add $78 billion. The UAE, in particular, is expected to see a 14% increase in GDP driven by AI advancements.
This collaboration signals ADQ’s resumed focus on harnessing cutting-edge technology to enable sustainable growth and meet the UAE’s long-term monetary and environmental goals.