The investment aims to enhance the UAE’s position as a global hub for AI and open up new opportunities for partners and customers to innovate and grow
G42
Abu Dhabi
Abu Dhabi sets up technology company MGX with global ambitions
Mubadala Investment and G42 are founding partners of the company, which is being funded by new capital from Abu Dhabi government
F1
Confirmed: Mercedes’ Lewis Hamilton makes Ferrari move for F1 2025 season
Scuderia Ferrari announced Hamilton’s move in an official statement
F1
Formula 1: Mercedes’ Lewis Hamilton to make shock move to Ferrari for 2025 F1, says report
An official announcement regarding Hamilton’s deal could be made as early as Thursday, the report said
Abu Dhabi
Jais 30B: New Arabic AI language model launches in UAE
With over 30 billion parameters, Jais 30B aims to deliver an enhanced generative AI experience for Arabic speakers worldwide
Artificial intelligence
G42 partners with OpenAI to deliver cutting-edge AI solutions in UAE and beyond
Partnership to focus on leveraging OpenAI tech in areas of G42 expertise like financial services, energy, healthcare and public services
Abu Dhabi
Abu Dhabi’s G42, Microsoft to offer joint sovereign cloud and AI capabilities
It will allow UAE public sector and regulated industries to use latest cloud and AI features and help comply with regulatory requirements
Abu Dhabi
UAE’s G42 announces launch of AI language model ‘Jais’
The model is a13-billion parameter model trained on 395-billion-token Arabic and English dataset
AI computing
World’s largest AI supercomputer unveiled by Cerebras, G42
Condor Galaxy is an innovative network of nine interconnected supercomputers
Abu Dhabi
Abu Dhabi’s G42 and Mubadala combine healthcare assets to form M42
The tech-enabled, integrated healthcare company to have assets like Cleveland Clinic, Amana Healthcare, Biogenix Labs and Moorfields Eye Hospital among others
ADX
Presight AI IPO 136-times oversubscribed
Presight AI saw demand of $more than $25bn in its shares on the Abu Dhabi exchange
Abu Dhabi
UAE’s G42 invests over $100mn in TikTok parent company: Report
G42 is controlled by Sheikh Tahnoon bin Zayed Al Nahyan
Abu Dhabi
Abu Dhabi’s Presight AI plans IPO in 2023
Abu Dhabi’s Presight AI plans IPO in 2023 after supporting UAE with Covid-19 response and Dubai Expo projects
Abu Dhabi
Abu Dhabi-based G42 aims to propel Lewis Hamilton with AI-powered insights
G42 signs multi-year agreements with Mercedes-AMG Petronas F1 Team; Will have logo on the car’s livery and driver helmets
Abu Dhabi
One more UAE startup – Abu Dhabi’s G42 – crowns unicorn status in first half of 2022: Hurun Index
Entry of G42 ups the number of startups in UAE to 4, ranking 23 globally, according to the latest unicorn index by the global wealth tracking firm
G42
Mubadala-backed G42 to launch $10 billion fund for technology investments
The fund will operate as a private equity investor, focusing on late-state growth companies in emerging markets
