MGX counts Abu Dhabi wealth fund Mubadala Investment Company and Group 42 as its founding partners
The oil firm’s use of AI technologies abated up to one million tonnes of carbon dioxide emissions between 2022 and 2023
‘Aiden Insight’ will attend IHC board meetings as a non-voting observer, offering real-time insights to inform discussions and guide decisions
Phoenix Group is listed on the Tel Aviv stock exchange, with a market value of $2.85bn
Companies sign Memorandum of Understanding to jointly boost innovation and AI commercialisation to support oil and gas organisations in the UAE
Mubadala will integrate two of its entities, Injazat and Khazna, into G42
AIQ will develop and commercialise AI products and applications for the oil and gas industry
They will jointly leverage their combined knowledge, human and technological assets, to accelerate the delivery of solutions to combat the pandemic
If successful, the vaccine could enter the market by the end of 2020 or early 2021