ADQ Partners With EQTY Lab To Enhance AI Adoption Across Its Diverse Portfolio

ADQ, an investment and holding company based in Abu Dhabi, has joined forces with EQTY Lab, a Swiss AI solutions provider. This partnership aims to speed up the responsible use of AI technologies within ADQ's portfolio. The collaboration aligns with ADQ’s strategy of identifying opportunities for sustainable growth and transformation to create future-ready sector leaders.

The integration of artificial intelligence is transforming various industries by boosting efficiency, cutting costs, and enabling new capabilities. Within ADQ's diverse portfolio, which includes sectors like healthcare, energy, manufacturing, transportation, and agriculture, AI can enhance operational productivity and drive climate action and innovation.

Through its partnership with EQTY Lab, ADQ will implement a new AI Integrity suite. This suite ensures that ADQ’s AI models are reliable, secure, transparent, and adhere to high standards of AI governance. This initiative is part of ADQ’s commitment to adopting best practices and driving transformation across its portfolio.

Hamad Al Hammadi, Deputy Group Chief Executive Officer of ADQ, stated: "Artificial intelligence is not only a technological revolution but also a new way of perceiving and interacting with the world. It holds the ability to revolutionise industries, augment human capabilities and drive unprecedented innovation and efficiency."

The collaboration between ADQ and EQTY Lab began in 2023 with the launch of ClimateGPT. Powered by Erasmus and trained by Apptek, it is the first open-source AI model designed specifically for climate change and sustainability issues. This tool aids researchers and policymakers in making informed decisions through access to over 300 billion pieces of climate-specific data.

The initial node of ClimateGPT operates at Abu Dhabi’s Al Dhafra Solar PV plant. As the world's largest single-site solar facility, it ensures that the platform runs entirely on renewable energy. ADQ's companies like ADNEC Group, Etihad Rail, TAQA, and Masdar will be the first in the UAE to use this technology.

Economic Impact by 2030

By 2030, AI is expected to significantly boost GDP across various sectors in the Middle East. The construction and manufacturing sectors are projected to see an economic impact of US$99 billion. Energy utilities are anticipated to contribute US$78 billion while the public sector could add US$59 billion.

The UAE is poised for a substantial impact relative to its GDP from AI advancements. By 2030, an estimated 14 percent increase in GDP is expected due to these technologies.

Masdar uses ClimateGPT for ESG initiatives research within ADQ's portfolio through TAQA. Similarly, teams collaborated with ADNEC Group to build a custom library aiding their ESG research efforts.

This partnership underscores ADQ's dedication to advancing AI adoption responsibly across its portfolio while aligning with national goals for a sustainable future.

With inputs from WAM