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ADNOC and Abu Dhabi-Based Group 42 launch AI joint venture

9/30/2020

The Abu Dhabi National Oil Company (ADNOC) has announced the launch of AIQ, its Artificial Intelligence (AI) joint venture (JV) company with Group 42 (G42), an Abu Dhabi-based AI and cloud computing company. The completion of the formation of AIQ follows the signing of the JV agreement between ADNOC and G42 in November 2019 with ADNOC holding a 60-percent stake and G42 a 40-percent stake in AIQ. AIQ will focus on developing and commercializing AI products and applications for the oil and gas industry. The partnership brings together G42’s expertise in AI modeling, supercomputing and its world-class team of data scientists and software engineers with ADNOC’s world-class oil and ga

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