Multiply Group Launches Innovation Labs To Drive Digital Growth And AI-Driven Value Creation

Multiply Group has introduced its Innovation Labs, aiming to drive digital growth and AI value creation. These labs will focus on AI activities like data science and model engineering. They are expected to foster digital innovation and create new revenue streams for the Group and its associated companies.

The Labs will collaborate with top technology partners, including Aleria, whose AI platform will enhance AI adoption across Multiply Group’s portfolio. This collaboration provides access to NVIDIA’s advanced GPUs and AI frameworks, enabling faster deployment of high-performance AI solutions.

Central to the Labs is PIVOT, Multiply Group's proprietary tool for predictive investment validation. This platform uses real-time data and analytics to manage investments from start to finish. It aims to streamline decision-making and improve investment outcomes through advanced AI capabilities.

Samia Bouazza, CEO of Multiply Group, stated: "The launch of Multiply Group’s Innovation Labs is a transformative step that will unite as well as advance our ambitious AI-led growth journey through powerful AI models and platforms. By working collaboratively with world-class partners, we can accelerate perception and decision making across our operations. By setting these new benchmarks, we’re able to usher in an exciting new phase of intelligent investing, portfolio management, and AI-driven value creation."

The Labs will also establish strategic partnerships with leading tech firms across the AI tech stack. This ensures comprehensive value creation from data infrastructure to applied AI solutions. Such collaborations aim to enhance business outcomes by leveraging cutting-edge technology.

Eric Leandri, CEO of Aleria, expressed enthusiasm about the partnership: "We’re excited to be a part of the launch and for the opportunity to deploy Aleria’s AI platform in ways that will help to uncover new areas of possibility for Multiply Group. At Aleria we recognise that the UAE stands at the very forefront of AI proliferation, and as such our solutions are primed to help the nation’s pioneering businesses embark on digital and AI-driven value creation."

NVIDIA's Support in Innovation

NVIDIA is supporting Multiply Group's initiatives through its Inception program. Serge Lemonde from NVIDIA highlighted that researchers will gain benefits that accelerate development and improve ROI. This support is crucial for advancing Multiply Group's projects efficiently.

Currently, Multiply Group has initiated over 40 AI projects within its portfolio. This demonstrates significant progress and potential for capturing substantial value in the near future.

The Labs aim to identify innovations that boost EBITDA and offer competitive advantages across various industries. The goal is to place Multiply Group at the forefront of AI-driven transformation by operationalising advanced technologies for growth acceleration.

With inputs from WAM