Presight's AI-Startup Accelerator Gets Microsoft's Support
News Desk -
Share
Presight, a global big data analytics company powered by AI, has signed a Memorandum of Understanding (MoU) with Microsoft to support the Presight AI-Startup Accelerator. This UAE-based program helps AI startups gain a commercial edge, access advanced technology, and expand their networks across the UAE, the G42 ecosystem, and global markets. It also offers venture funding to accelerate growth and scalability.
As part of the collaboration, Microsoft will provide technical expertise, mentorship, and market acceleration through its Microsoft Founders Hub. Startups will benefit from high-performance computing, cloud services, and access to advanced AI models, including large language models (LLMs) and generative AI-powered analytics. They will also receive strategic insights and technical guidance from Microsoft's extensive mentorship network.
Thomas Pramotedham, CEO of Presight, said: 'Microsoft and Presight share a passion for AI innovation and supporting the next wave of AI pioneers. Together, we will empower startups with the tools and opportunities they need to thrive.'
Naim Yazbeck, General Manager of Microsoft UAE, added: 'We are excited to collaborate with Presight to drive AI adoption. Through the Microsoft Founders Hub, we will provide startups with the resources to innovate, scale, and deliver transformative solutions.'
The Presight AI-Startup Accelerator, launched at GITEX Global last year, focuses on startups with market-ready prototypes. The program helps them refine products, optimize go-to-market strategies, and integrate with Presight's product pipeline. This gives startups unique opportunities for cross-selling, networking, and promotion.
Graduates of the program will become market-ready companies with proven product-market fit and sustainable business models. By combining Presight's industry expertise with Microsoft's technical resources, startups gain access to world-class AI infrastructure and commercialization opportunities.
This initiative builds on Microsoft's $1.5 billion investment in G42 to advance AI innovation. As part of the G42 ecosystem, Presight already collaborates with Microsoft on several joint projects, strengthening their commitment to fostering AI innovation in the region.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Business
an hour ago
- Gulf Business
Dubai's AI robot patrols the metro: Here's how it's saving thousands of hours
Image credit: WAM/Website Dubai's Roads and Transport Authority (RTA) has provided an update on how its Automated Railway Infrastructure Inspection System (ARIIS), a cutting-edge AI-powered solution, is enhancing metro maintenance and inspections. This smart robotic platform marks a significant leap in applying artificial intelligence in transportation, boosting safety and operational efficiency while drastically reducing reliance on manual inspections. Read- The move aligns with Dubai's long-term vision to become a global leader in AI and smart, sustainable infrastructure, Inside the technology ARIIS is an autonomous robotic platform equipped with high-resolution 3D cameras, laser scanners, and advanced sensors. It operates primarily during night-time maintenance windows, performing thorough inspections of metro tracks and infrastructure without causing any disruption to passenger services. As it navigates the network, ARIIS collects comprehensive data on track conditions, including wear and tear, cracks, and structural deviations. This data is then analysed using advanced AI algorithms to enable predictive maintenance. The system doesn't just identify current issues, it anticipates future problems, allowing maintenance teams to act proactively. This forward-looking approach significantly extends the life of metro infrastructure, reduces costly emergency interventions, and cuts routine maintenance expenses by up to 25 per cent. Efficiency that speaks volumes Since its implementation, ARIIS has delivered remarkable efficiency gains. Inspection times have dropped by 75 per cent, saving an estimated 1,700 human work hours. Traditional inspection activities have been reduced by 70 per cent, while the accuracy and speed of condition assessments have improved by 40 per cent. The RTA also reports that ARIIS has helped optimise maintenance resource allocation by 40 per cent, thanks to the system's real-time data analytics, which support smarter, data-driven decision-making. These advances not only cut costs but also enhance the reliability and safety of the entire Dubai Metro network, benefitting daily commuters and operational staff alike. What's next for ARIIS? Currently deployed on selected metro lines, ARIIS is undergoing phased implementation across the entire network. The RTA confirmed that full deployment will follow successful technical evaluations. Looking ahead, the authority is considering expanding similar AI-based technologies to other forms of public transit, including the Dubai Tram, depending on infrastructure compatibility. All ARIIS inspections are carried out according to the highest occupational safety standards and are centrally coordinated to ensure seamless integration with ongoing metro operations.
Arabian Post
2 hours ago
- Arabian Post
Cohere's $500M Boost to Drive AI Security Innovation
Cohere has raised $500 million in new funding, propelling its valuation to an impressive $6.8 billion as the company accelerates its push to reshape enterprise AI. This significant investment will bolster its efforts to expand its security-first agentic AI platform, a product designed to enhance organizational productivity through advanced, secure artificial intelligence. The AI sector has seen rapid growth over the last few years, with businesses increasingly adopting machine learning and automation tools to streamline operations and improve decision-making processes. Cohere, a leader in enterprise-focused AI, is positioning itself at the forefront of this wave by prioritizing security in its AI systems. The new funding will help Cohere scale its platform, develop new tools, and meet the increasing demand from companies seeking secure AI solutions. Cohere's platform aims to address a growing concern among enterprises: how to leverage the power of AI without compromising security. The firm has developed an agentic AI that can interact with various enterprise systems and process data autonomously, all while ensuring that sensitive information is kept secure. This capability is particularly critical as companies handle larger volumes of data and become more reliant on AI systems to perform complex tasks. ADVERTISEMENT The company's approach to security involves integrating strong encryption methods and establishing strict data governance protocols. By doing so, Cohere ensures that AI-powered processes are shielded from cyber threats, which have become a significant risk to businesses worldwide. As cyber-attacks become more sophisticated, businesses are looking for solutions that protect their most valuable assets while still allowing them to benefit from the efficiencies AI offers. Cohere's AI technology is already making waves across industries such as finance, healthcare, and retail. The platform's ability to manage and analyse vast amounts of data in real-time is particularly beneficial in sectors where speed and accuracy are paramount. Financial institutions, for example, are increasingly adopting AI to automate trading, risk management, and compliance monitoring, all while ensuring that client data remains protected. The platform's agentic nature also allows it to perform tasks autonomously, streamlining workflows and reducing the burden on employees. This shift is part of a broader trend where businesses are integrating AI to handle repetitive tasks, allowing human workers to focus on higher-value activities. Cohere's AI is designed to adapt to each company's specific needs, enabling it to be used across a range of enterprise applications, from customer support to logistics management. Cohere's rapid growth and the expansion of its product offerings reflect the broader trend of increased AI adoption across industries. As more businesses look to harness the power of AI to improve efficiency and drive innovation, companies like Cohere that prioritize security will have a distinct advantage in the marketplace. This $500 million funding round was led by some of the biggest names in venture capital, a clear indication of the confidence investors have in Cohere's ability to continue pushing the boundaries of AI technology. The investment will not only fuel the development of new features and enhancements for the platform but also allow Cohere to scale its operations and reach more enterprise clients. The company's leadership, which has a strong track record in AI research and development, is optimistic about the future. Cohere's co-founders have made it clear that the focus will remain on building secure, scalable, and efficient AI solutions that meet the growing demands of the enterprise market.
Arabian Post
2 hours ago
- Arabian Post
Dubai Metro Harnesses AI for Maintenance Innovation
Arabian Post Staff -Dubai Dubai Metro has taken a significant step forward with the integration of artificial intelligence into its operational maintenance model, marking a notable enhancement in its rail system's efficiency and safety protocols. The shift to AI-powered solutions aims to revolutionise how maintenance is approached, ensuring quicker response times and more proactive management of the city's rapidly expanding metro infrastructure. The new AI technology focuses on automating the detection of faults and predicting potential breakdowns before they occur. This shift towards predictive maintenance is in line with Dubai's wider goals of improving transportation infrastructure through innovation. AI's role in this transformation goes beyond simply automating tasks; it serves as a core tool in enabling more intelligent decision-making for the Dubai Metro's operations. ADVERTISEMENT With a network that spans 75 kilometres and operates across multiple lines, the Dubai Metro has grown to be one of the most recognised urban transit systems in the world. Over 200,000 passengers rely on the metro each day, making it essential to maintain high levels of safety and operational reliability. By integrating AI, the metro can now leverage real-time data to monitor equipment and infrastructure, identifying anomalies that would otherwise be overlooked by human inspection. AI-driven algorithms allow for continuous analysis of various parameters, including train speed, track conditions, and mechanical performance. This data is gathered via sensors installed across the metro system, from trains to trackside infrastructure. When any irregularities are detected, the system alerts maintenance teams, prioritising interventions based on urgency and potential impact. The technology also facilitates remote diagnostics, reducing the need for engineers to physically inspect the system unless absolutely necessary. This predictive maintenance model promises to cut costs and downtime significantly. According to experts, the AI system is expected to reduce unplanned disruptions by up to 30%, which will directly benefit both passengers and operational teams. Reduced downtime means trains will spend less time off-track for repairs, contributing to a smoother, more reliable service. The integration of AI into the Dubai Metro's maintenance strategy is expected to pave the way for similar technological applications across other sectors of the city's public transportation network. With Dubai's long-term plans to further expand its metro network, AI will be crucial in ensuring that the growth of this infrastructure remains sustainable and efficient. However, the implementation of such sophisticated technology also poses challenges, particularly in terms of data privacy and system security. As AI becomes more deeply integrated into the operational framework of Dubai Metro, it is essential to establish robust cybersecurity measures to prevent potential hacking or system failures. The Dubai Roads and Transport Authority, which oversees metro operations, has already placed emphasis on maintaining secure networks, working closely with experts to safeguard sensitive operational data. AI's potential in transforming public transport is not unique to Dubai. Several cities globally are also exploring how AI can be applied to enhance the efficiency and sustainability of urban rail systems. In Europe and Asia, metros have begun adopting similar technologies to improve service reliability and reduce the environmental impact of their operations. Dubai's adoption of AI technology, however, stands out as a benchmark for its scope and ambition, setting a new standard for metro operations in the region.
