Tuesday June 07, 2022
Hub71 enters deal to boost AI solutions for energy industry
Picture used for illustrative purpose.
Hub71, Abu Dhabi’s global tech ecosystem, is to partner with AIQ, the Abu Dhabi National Oil Company’s (Adnoc) artificial intelligence (AI) joint venture with Group 42 (G42), to explore the development of new AI solutions that support a sustainable energy future.
Under the agreement, Hub71 and AIQ will work together to advance the development of innovative digital technology to unlock greater value from oil and gas operations and define a more sustainable and carbon efficient future for the oil and gas industry.
Badr Al-Olama, Acting Chief Executive Officer of Hub71, said, “Tomorrow’s world will be driven by AI technology that continues to enhance and transform many economic sectors like energy and industry. Our partnership with AIQ comes at a time when we are attracting tech startups to the nation to deepen the expertise and knowledge, while promoting a net zero future for all.” The partnership will enable Hub71 to introduce AIQ to its tech eco-system and facilitate one-on-one meetings with startups working on future energy technology solutions for the oil and gas industry. In return, AIQ will provide access to its E-Novus platform, a data management tool for oil and gas enterprises seeking to accelerate digital transformation and energy transition.
AIQ will also participate in Hub71’s The Outliers programme, a series of challenges set by corporations and government for startups to solve and support Hub71’s Mentorship Programme to promote knowledge exchange around tech-enabled solutions that have the potential to be commercialized in the global energy market.