Latest news with #G42
Zawya
14 hours ago
- Business
- Zawya
Space42 secures $695.5mln facility to fund UAE satellites
The Abu Dhabi-listed Space42 has secured a $695.5 million Export Credit Agency (ECA)-backed financing facility to fund the development of UAE's next-generation geostationary satellites, Al Yah 4 and Al Yah 5. The AI-powered SpaceTech firm, which is backed by Abu Dhabi sovereign investor Mubadala, G42 and the International Holding Company, said the facility has been arranged by Crédit Agricole CIB, Santander CIB, Societe Generale, and Natixis and backed by Bpifrance Assurance Export. Space42 said the facility will provide long-term financing that is aligned with its satellite development timeline, whilst strengthening its liquidity position to support future growth. The Al Yah 4 and Al Yah 5 programme is underpinned by a 17-year, $5.1 billion government contract commencing in 2026, with the satellites scheduled for launch in 2027 and 2028. Space42 debuted on the Abu Dhabi Securities Exchange (ADX) in October following the merger of Bayanat and Al Yah Satellite Communications Company (Yahsat).
Zawya
2 days ago
- Business
- Zawya
Explaining the ‘Intelligence Grid': G42's vision for AI as a global, inclusive super-utility
G42's Supercharged event brought together more than 2,400 global leaders in Abu Dhabi, including Sam Altman. But one phrase dominated the day. What is the Intelligence Grid, and why is everyone talking about it? Abu Dhabi, UAE – Earlier this month, G42, the leading Abu Dhabi-based artificial intelligence and advanced technology group, concluded its flagship event, Supercharged. With record-breaking scale and ambition, the summit brought together over 2,400+ employees, partners, and global leaders for a day of boundary-pushing dialogue and collaboration, including Microsoft President Brad Smith, OpenAI CEO Sam Altman, and senior UAE leaders. One phrase echoed throughout the day, on stage, in sessions, and across conversations, the 'Intelligence Grid.' But what is it? WHAT IS THE INTELLIGENCE GRID? Like electricity, the Intelligence Grid is G42's vision of AI as a real-world utility, an always-on, intelligent infrastructure woven into the fabric of everyday life, according to a G42 spokesperson. Rather than being a singular product or platform, it represents a connected system of technologies designed to deliver knowledge, capabilities, and support across every sector, on demand. It is built to be accessible, sovereign, and scalable, with the goal of enabling governments, industries, and communities to use AI to enhance decision-making, optimize systems, and power sustainable growth. In simpler terms, the Intelligence Grid is G42's vision of an invisible layer of intelligence. Not limited to a screen or a prompt, this layer will seamlessly be woven into the world around us. It merges the physical and digital world, delivering AI-powered knowledge and support in real time. This could mean hospitals that anticipate patient needs, traffic systems that adapt on the fly, emergency services that respond faster using satellite data, or government services that feel effortless. WHAT'S THE IMPACT OF THE GRID? Economically, this shift is poised to be transformative. AI is projected to contribute up to 14% of the UAE's GDP by 2030, equivalent to approximately $100 billion. This growth stems from AI's ability to enhance productivity, streamline operations, and foster innovation across sectors. Rather than replacing jobs, the Grid aims to augment human capabilities, enabling workers to focus on more strategic and creative tasks, thereby driving inclusive economic growth and positioning the UAE as a global leader in AI integration, the spokesperson explained. Speaking about his vision, Peng Xiao, Group Chief Executive Officer at G42, added, 'Electricity was invented more than 140 years ago, yet today, millions of people across the Global South still live without reliable access to it. As we now build the infrastructure through projects like Stargate UAE and the 5GW UAE-U.S. AI Campus to distribute intelligence, we cannot afford to repeat that mistake. The Intelligence Grid must be designed from the outset to be inclusive, equitable, and universally accessible, so that the benefits of AI reach every corner of the world, not just the privileged few.' HOW IT WORKS: THE BUILDING BLOCKS OF THE INTELLIGENCE GRID At the heart of the Intelligence Grid is a portfolio of G42 companies, each delivering critical building blocks, the spokesperson said. Khazna Data Centers provides the high-performance infrastructure required to house and scale AI workloads. Core42 enables sovereign cloud and compute capabilities that ensure compliance and data protection across jurisdictions. Inception develops advanced AI models that serve as the thinking layer of the Grid, from large language models to specialized AI applications. CPX delivers an integrated security architecture to ensure operational continuity and growth. Presight transforms raw data into intelligence using advanced analytics and generative AI tools tailored to specific industries. Space42 adds a global layer of visibility and control through satellite communications and geospatial insights. Analog deploys sensor-driven technologies and edge computing infrastructure to connect physical and digital environments. AstraTech brings disruptive innovation to the everyday consumer. Together, these companies, supported by global partnerships with Microsoft, OpenAI, NVIDIA, Cerebras, and others, create the operational fabric of the Intelligence Grid. Their work is reinforced by G42's investments in research and responsible AI development, including initiatives with MBZUAI and new Responsible AI Centers launched in collaboration with Microsoft. DESIGNED FOR SOVEREIGNTY, BUILT FOR SCALE The Intelligence Grid reflects G42's commitment to data sovereignty and ethical governance. As AI increasingly intersects with national policy, economic competitiveness, and global collaboration, the need for trusted, compliant, and sovereign infrastructure has never been greater. By combining technological capability with strategic foresight, G42 is working to ensure that the benefits of AI are widely accessible, responsibly deployed, and embedded in the systems that shape our world. At G42, the Intelligence Grid is not a distant vision; it is already powering real-world transformation across healthcare, energy, government, and beyond. 'The Intelligence Grid is already making a tangible difference in people's lives. From sequencing over 800,000 genome samples to advance precision healthcare, to reducing emissions through smart mobility, to deploying AI for disaster response across the region, we are seeing the real-world impact of this infrastructure every day. It's streamlining financial oversight, accelerating energy innovation, and breaking down language barriers for billions. This is what it means to operationalize intelligence at scale, and why we believe its benefits must be as far-reaching and inclusive as possible,' Peng Xiao concluded. About G42 G42 is a technology holding group and a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities today. Media contact TrailRunner International; G42@
Time of India
4 days ago
- Business
- Time of India
AI is taking over UAE: From kitchens and traffic systems to healthcare and governance
The UAE embraces AI innovations shaping the future of everyday life/ Representative Image TL;DR Dubai launched a world-first system to label human vs AI-generated content. AI is now shaping everything from sports gear to traffic systems and healthcare The UAE is blending tech with everyday life, not just future planning. Dubai just became the first city in the world to roll out a formal system that tells you whether content was made by a human, a machine, or both. It's not just a label, it's a new way of thinking about transparency in the digital age. But this is only one piece of a much bigger picture. Across the UAE, artificial intelligence is quietly becoming part of daily life. It's helping design cycling helmets, manage traffic, assist in government decisions, and even plan your dinner. Unlike many countries that are still debating the risks of AI, the UAE is putting it to work in clear, controlled, and sometimes surprising ways. From a content labeling system to smart parking meters, here's how the UAE is building one of the most AI-integrated societies in the world. Dubai's Content Labeling System: A New Kind of Clarity On July 16, Dubai introduced the Human-Machine Collaboration Icons, a global-first system that shows who or what, made a piece of content. There are five main icons, each showing a different level of human and machine involvement. These range from 'All Human' to 'All Machine.' There are also nine additional tags that show where in the process the machine stepped in, things like data collection, writing, or visual design. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They Were So Beautiful Before; Now Look At Them; Number 10 Will Shock You Reportingly Undo What's important here isn't just the icons, it's the message. This is Dubai saying: if machines are part of your creative process, be upfront about it. Not just this innovation, let's take a quick look at some of the recent AI developments across the UAE that show how the country is bringing artificial intelligence into many parts of daily life. AI in Real Life: Not Just Labs and Experiments 1. Sports: AI-Designed Gear at the Tour de France At this year's Tour de France, the UAE Team Emirates–XRG debuted a cycling helmet made using generative AI. The helmet wasn't just designed for looks. AI helped map airflow and friction, making the helmet lighter and faster. This came out of a collaboration between Abu Dhabi-based G42 and Italian helmet maker MET. 2. Traffic: No More Parking Meters In Abu Dhabi, a new AI-powered parking system means no more worrying about tickets or meters. Cameras and smart sensors track car movements, manage payments automatically, and help drivers find spots in real time. It's faster, easier, and requires no physical interaction. 3. Governance: AI Joins the UAE Cabinet Starting 2026, the UAE will add an AI advisory system to its federal cabinet. This isn't science fiction. The AI won't vote, but it will give data-backed advice, predict outcomes, and help fine-tune decisions. It's a move to bring speed and precision into government thinking. 4. Health: From Clinic Visits to WhatsApp Warnings Dubai's healthcare system is moving towards prevention. A new WhatsApp-based platform now lets people check their health risks from home. AI tools are monitoring heart rate, stress levels, and other indicators spotting issues early before symptoms appear. The Ministry of Health is also using virtual assistants and biometric tracking for wide-scale screening. 5. Food: AI Helps Design Restaurant Menus Opening soon in Dubai: a restaurant where the menu is designed by AI. 'Chef Aiman' isn't human, but it's trained in food science, sustainability, and global cuisines. Human chefs still do the cooking, but the AI handles creativity, pairing, and planning. Why It's Working: Slow, Focused, Real-Life Integration What's different about the UAE's approach is the quiet, steady rollout. Instead of flashy promises or hypothetical demos, they're putting AI into real places, helmets, traffic lights, chat apps, menus. There's also a strong focus on structure and transparency. Systems like the content classification icons show that the country wants AI to be understandable, not just useful. FAQs Q1: Why is Dubai labeling AI content? To make it clear whether content is made by people, machines, or both. It helps build trust and prevents confusion. Q2: How is AI being used in UAE health services? Through WhatsApp-based risk checks, virtual AI assistants, and biometric tools that monitor heart rate, stress, and more. Q3: Will AI replace government leaders in the UAE? No. The AI will act as an advisor, offering quick data analysis and feedback to help improve decisions.
Yahoo
5 days ago
- Business
- Yahoo
US and UAE Nvidia Deal Hits Security Roadblock
In mid?July, U.S. Commerce Department officials are still withholding approval for shipments of Nvidia (NASDAQ:NVDA) AI chips to the United Arab Emirates, stalling a deal first touted by President Trump in May as a landmark trade breakthrough. What had looked like a done deal now hinges on new security guarantees. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The crux of the hold?up is G42, the Abu Dhabi AI firm slated to receive roughly twenty percent of the chips. Commerce leaders fear that, through G42's historical ties, China could gain indirect access to Nvidia's most advanced semiconductors. To address those concerns, G42 has agreed to divest from Chinese partners like Huawei and to build matching data centers in the U.S. for every one it operates in the UAE. That security impasse has put the Stargate UAE data?center builda joint project backed by G42, OpenAI, Oracle, Nvidia, SoftBank and Ciscoon pause. The first 200 megawatt cluster, originally slated for 2026, now faces potential delays if chip approvals don't arrive soon. Even so, both sides say negotiations continue on tighter oversight and revised terms. Investors and industry watchers will be watching for license approvals from the Commerce Department, revised deal language that limits G42's direct chip access, and any public statements from key players like Nvidia CEO Jensen Huang, who has been lobbying for the deal's continuation. Next up: fresh guidance on those approvals and the fate of the Stargate UAE project. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
6 days ago
- Business
- Zawya
UAE, Bhutan launch 'AI for Development' Initiative to unlock AI's potential for economic growth in Global South
In a milestone effort to explore the transformative potential of artificial intelligence (AI) for inclusive development, the United Arab Emirates and the Royal Government of Bhutan, in collaboration with the Eurasia Group and G42, convened a high-level two-day workshop titled 'AI for Development' in Thimphu, Bhutan. Tshering Tobgay, Prime Minister of Bhutan, and Lyonpo D.N. Dhungyel, Foreign Minister of Bhutan, were present at the workshop, which began with the traditional Marchang Ceremony, reflecting the deep essence of Bhutan's rich culture. The workshop brought together policymakers, technical experts, and development practitioners to identify creative AI solutions for local implementation. This initiative stems from a broader UAE foreign policy agenda that embraces technological diplomacy and supports inclusive, high-impact partnerships—particularly across the Global South. Omran Sharaf, Assistant Minister for Advanced Science and Technology, who led the UAE delegation, remarked, 'This initiative underscores the UAE's commitment to technological diplomacy through harnessing AI and technology for global development. Bhutan's agility and forward-looking digital transformation, together with the UAE's technical expertise and strategic vision, create a natural synergy. Through such partnerships, we aim to advance impactful solutions that align with national priorities and contribute to sustainable development.' Dr. Abdulnasser Alshaali, UAE Non-resident Ambassador to the Kingdom of Bhutan, further elaborated, "The UAE is proud to partner with Bhutan, in navigating pioneering, scalable tech solutions, from entrepreneurship to agriculture, advancing the UN Sustainable Development Goals (SDGs) and inclusive growth across the Global South.' As the first pilot country, Bhutan was selected for its commitment to innovation and its willingness to explore cost-effective, context-sensitive technology solutions to drive economic growth. During the workshop, participants focused on three priority areas: boosting entrepreneurship, promoting regenerative tourism, and increasing agricultural productivity. These themes align closely with Bhutan's national development goals and key UN SDGs. Jigme Tenzing, Secretary of GovTech Agency in Bhutan, stated, 'While AI offers remarkable conveniences, its true potential lies in driving transformative solutions that deliver meaningful and inclusive impact. The 'AI for Development' workshop presents a timely opportunity to explore, through strategic dialogue and knowledge exchange between Bhutan and the UAE, how AI can accelerate Bhutan's socio-economic transformation in ways that align with our national values and priorities. May this mark the beginning of many meaningful and enduring collaborations between our two nations in shaping a responsible and forward-looking AI future.' On the sidelines of the workshop, the UAE delegation was honored to receive an audience with His Majesty King Jigme Khesar Namgyel Wangchuck, King of Bhutan. His Majesty highly commended the UAE's efforts in the fields of advanced technology and space, as well as the workshop, led by all participating entities, which reflects great opportunities for further cooperation in these areas. The success of the Thimphu workshop underscores the UAE's evolving role as a strategic partner to the Global South, championing collaborative approaches to frontier technologies and capacity building. The UAE delegation included Omran Sharaf, Assistant Minister for Advanced Science and Technology; Dr. Abdulnasser Alshaali, UAE Non-resident Ambassador to the Kingdom of Bhutan; Muath Alwari, Policy Planning Director; and representatives from the UAE Ministry of Foreign Affairs (MoFA) and G42.
