ADQ, an investment and holding company based in Abu Dhabi, has entered into a partnership with EQTY Lab, a Swiss AI solutions provider, to accelerate the responsible adoption of AI technologies throughout its diverse portfolio.
This collaboration aligns with ADQ’s approach to portfolio management, which emphasizes the continuous identification and harnessing of opportunities for sustainable value creation, transformation, and growth to develop future-proof sector leaders and national champions.
AI is transforming various industries by enhancing efficiency, lowering costs, and enabling new capabilities. Potential applications across ADQ’s extensive portfolio, which spans critical sectors of the economy such as healthcare, energy, manufacturing, transportation, and agriculture, include improving operational efficiency and productivity, promoting climate action, and driving innovation.
AI Integrity Suite
Through its partnership with EQTY Lab, ADQ will deploy a new AI Integrity suite to ensure that its AI models are reliable, secure, transparent, and adhere to the highest standards of AI governance. This initiative promotes trust and accountability in AI implementations and reflects ADQ’s commitment to adopting best practices and driving transformation across its portfolio.
Hamad Al Hammadi, Deputy Group Chief Executive Officer of ADQ, remarked, “Artificial intelligence is not just a technological revolution; it represents a new way of perceiving and interacting with the world. It has the potential to transform industries, enhance human capabilities, and drive unprecedented innovation and efficiency. Our partnership with EQTY Lab highlights our dedication to accelerating the trial and responsible adoption of AI and automation throughout ADQ’s portfolio, encouraging our companies to embrace the future while aligning with national goals for a more prosperous, sustainable, and interconnected tomorrow.”
The collaboration between ADQ and EQTY Lab commenced in 2023 with the launch of ClimateGPT, powered by Erasmus and trained by Apptek. This is the first open-source AI model specifically designed to address climate change and sustainability. It provides researchers, policymakers, and business leaders with access to over 300 billion pieces of climate-specific information, enabling informed decision-making and resilient climate action by leveraging data from 10 billion web pages and millions of open-access academic articles.
ClimateGPT
The initial node of ClimateGPT is hosted at Abu Dhabi’s Al Dhafra Solar PV, the world’s largest single-site solar plant, ensuring the platform operates entirely on renewable energy. ADQ and its portfolio companies, including Adnec Group, Etihad Rail, Taqa, and Masdar, will be the first to implement this technology in the UAE.
ClimateGPT integrates various scientific disciplines, enhancing understanding of the impacts of climate change on the environment, society, and the economy. This empowers ADQ and its portfolio to discover innovative solutions that align with global climate action goals and foster environmental stewardship. Masdar, part of ADQ’s portfolio through TAQA, is already utilizing ClimateGPT to support research and the execution of ESG initiatives.
EQTY Lab collaborated with Masdar to tailor the model to navigate a corpus of internal materials from Masdar’s Technology Journals. This collaboration has enabled Masdar to generate comprehensive analyses on emerging renewable energy solutions using AI, aiming to co-author new articles that promote efficiencies and insights. Similarly, teams from Adnec Group worked with EQTY Lab to build a custom library of global research to aid the ESG team’s research efforts.
By 2030, AI is projected to significantly contribute to the GDP of the Middle East across various sectors. The largest economic impact is expected in construction and manufacturing, projected at $99 billion, followed by energy, utilities, and resources with an estimated $78 billion contribution, and the public sector, including health and education, expected to add $59 billion. The UAE is poised to experience the most substantial impact relative to its GDP, with an anticipated 14% boost by 2030.
