Abu Dhabi AI company Presight takes majority stake in tech venture AIQ

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DUBAI : Artificial intelligence company Presight AI Holding has acquired a majority stake in AIQ, a technology joint venture between Abu Dhabi National Oil Company (ADNOC) and G42, under a new ownership structure announced by the companies on Wednesday.

FILE PHOTO: Presight AI logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File PhotoDUBAI : Artificial intelligence company Presight AI Holding has acquired a majority stake in AIQ, a technology joint venture between Abu Dhabi National Oil Company and G42, under a new ownership structure announced by the companies on Wednesday.

Prior to the new structure, AIQ was 60 per cent owned by ADNOC and 40 per cent by G42, another Abu Dhabi advanced technology company.

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