The initiative aims to build trust and accountability in ADQ’s AI implementations and drive transformation across its portfolio
Abu Dhabi wealth fund ADQ has partnered with Switzerland’s EQTY Lab to accelerate the adoption of artificial intelligence (AI) technologies within its portfolio companies.
The partnership seeks to implement an AI Integrity suite designed to ensure its AI models are reliable, secure, transparent, and aligned with best practices in AI governance. The initiative aims to build trust and accountability in the wealth fund’s AI implementations and drive transformation across its portfolio.
The collaboration between ADQ and EQTY Lab collaborated in 2023 and launched ClimateGPT, an open-source AI model designed to tackle climate change and sustainability.
Powered by Erasmus and trained by Apptek, ClimateGPT provides researchers, policymakers, and business leaders with access to a multi-language model that incorporates billions of climate-related data points.
The initial deployment of ClimateGPT is hosted at Al Dhafra Solar PV, the world’s largest solar plant, ensuring the platform operates entirely on renewable energy. ADQ and its portfolio companies, ADNEC Group, Etihad Rail, TAQA, and Masdar, will be the first to utilise ClimateGPT in the UAE.
By combining different scientific fields, ClimateGPT seeks to deepen our understanding of how climate change affects the environment, society, and the economy.
AI is poised to significantly boost the Middle East’s GDP across various sectors by 2030. The construction and manufacturing sector is expected to see the largest economic impact, with an estimated contribution of $99bn.
Similarly, energy, utilities, and resources sectors are projected to follow closely, with a contribution of $78bn, while the public sector, including health and education, is anticipated to add $59bn.
Founded in 2018, ADQ’s portfolio encompasses 25 strategic companies across various sectors. The contributed a record 22 per cent to Abu Dhabi’s non-oil GDP in 2023, according to its website, underscoring its pivotal role in driving economic growth and development.
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