Hub71 & AIQ to deploy Artificial Intelligence in future energy industry

Hub71, Abu Dhabi’s global tech ecosystem, has partnered with AIQ, an Artificial Intelligence (AI) joint venture (JV) company of the Abu Dhabi National Oil Company’s (ADNOC) 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 collaborate 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.

The partnership will enable Hub71 to introduce AIQ to its tech ecosystem 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.

“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.”

AIQ will also take part in Hub71’s The Outliers program, which consists of a series of challenges set by corporations and governments for startups to solve, as well as Hub71’s Mentorship Program, which aims to promote knowledge exchange around tech-enabled solutions with the potential to be commercialized in the global energy market.

Mr. Omar Al Marzooqi, Chief Executive Officer, AIQ, said that “AI solutions are critical to the future sustainability of the oil and gas industry. AIQ’s collaboration with Hub71 will enable a strong networking platform for Hub71’s startup tech companies to participate in ADNOC’s and the wider oil and gas industry’s digital transformation and support the growing status of Abu Dhabi as a global center for next generation industrial development.”

Related: ADNOC, Masdar join UK’s BP on hydrogen & sustainable aviation fuel project