Latest news with #Core42
Yahoo
22-07-2025
- Business
- Yahoo
TeraWulf (WULF) Gets Initiated With a Market Outperform Rating at JMP Securities
TeraWulf Inc. (NASDAQ:WULF) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On May 22, JMP Securities analyst Greg Miller initiated coverage on TeraWulf Inc. (NASDAQ:WULF) with a Market Outperform rating, setting a price target of $7. Galaxy Digital (NASDAQ:GLXY) 20 Most Competitive Economies In The World In fiscal Q1 2025, TeraWulf Inc. (NASDAQ:WULF) commenced the buildout of dedicated HPC data halls and is on track to deliver 72.5 MW of gross HPC hosting infrastructure to Core42 in 2025. The company increased its self-mining capacity by 52.5% year-over-year to 12.2 EH/s and energized Miner Building 5, bringing total capacity to 245 MW. TeraWulf Inc. (NASDAQ:WULF) also initiated the process to secure additional HPC customers, targeting 200–250 MW operational by the end of 2026. The company has $219.6 million in cash and bitcoin holdings as of March 31, 2025. TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations. While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Mid East Info
02-07-2025
- Business
- Mid East Info
G42, First UAE Firm Recognized Among TIME's 100 Most Influential Companies - Middle East Business News and Information
Abu Dhabi, UAE – July, 2025: G42 has been named to TIME's 2025 list of the 100 Most Influential Companies, marking the first time a UAE-headquartered company has been featured. The recognition highlights G42's growing global impact in advancing AI responsibly and at scale. From the company's pivotal role in the launch of Stargate UAE and the 5GW UAE-US AI Campus to its expansion into Europe and the UK , G42 is building the 'Intelligence Grid,' its vision of AI as a universal utility that is secure, scalable, and accessible. 'We are thrilled to be featured by TIME. This recognition affirms our mission to bring AI to everyone, not just a privileged few,' said Faheem Ahamed, Group Chief Marketing and Communications Officer at G42. 'It validates the role we're playing in shaping a more inclusive and connected AI future.' With a portfolio spanning Space42 , Core42 , Khazna , M42 , Presight , CPX , and Inception , G42 operates across the full AI value chain, driving transformation across healthcare, energy, finance, mobility, and space.
Zawya
25-06-2025
- Business
- Zawya
Alef Education announces collaboration with Microsoft and Core42 to accelerate AI-powered learning regionally and globally through sovereign cloud
Abu Dhabi, United Arab Emirates: In a landmark move to scale its next-generation, AI-driven learning solutions, Alef Education (ADX: ALEFEDT), the UAE's leading AI-powered K-12 platform, today announced a collaboration with Microsoft and Core42, the sovereign-cloud and AI-infrastructure arm of G42. The collaboration will accelerate Alef Education's AI-and-cloud innovation roadmap and support the company's expansion both regionally and globally. By using advanced cloud capabilities, Alef Education will develop a new generation of AI-powered learning solutions aiming at equipping students with future-ready skills. As part of the collaboration, the company will migrate its entire suite of digital learning products and services to Microsoft Azure. The collaboration builds on the broader framework between Microsoft and G42, reinforcing the UAE's position as a global leader in AI innovation and digital transformation. By leveraging Microsoft's global cloud infrastructure with Core42's sovereign cloud capabilities, Alef Education is poised for accelerated growth - delivering advanced AI-enabled learning experiences and unlocking new opportunities across the region and globally to meet future-ready needs. Geoffrey Alphonso, CEO, Alef Education, said: 'We are delighted to formalize this alliance with Microsoft and Core42. By harnessing advanced cloud and AI capabilities, we will enrich learning outcomes and accelerate our regional expansion. Together, we aim to unlock fresh possibilities within the education ecosystem across the region and internationally.' Naim Yazbeck, General Manager, Microsoft UAE, said: "Our work with Alef Education and Core42 represents a pivotal step in shaping the future of learning. Education is the cornerstone of progress and innovation, and by joining forces to integrate artificial intelligence into educational systems, we can empower the next generation with the tools and knowledge to navigate and shape tomorrow's world. At Microsoft UAE, we see this collaboration as both an opportunity and a responsibility to foster a brighter, more intelligent future, underpinned by secure, scalable, and locally relevant technology." Kiril Evtimov, Group CTO of G42 and CEO of Core42, said: 'This partnership reflects our shared vision for enabling transformative AI solutions that are secure and scalable. By supporting Alef Education with cloud capabilities, we are proud to contribute to a future where every learner has access to personalized, intelligent education systems that are both locally relevant and globally competitive.' About Alef Education Founded in 2016, Alef Education (ALEFEDT on the Abu Dhabi Stock Exchange) is an award-winning AI-powered learning solutions provider that is redefining the educational experience for K-12 students. The Company has established a strong presence in the education technology sector, operating in approximately 7,000 schools across the UAE, the US, Indonesia and Morocco. Its flagship AI-integrated Alef Platform offers personalised learning experiences to more than 1.4 million registered students, enabling them to work at their own pace and reach their full potential anytime, anywhere. With a 100% penetration rate in Cycle 2 (Grades 5-8) and Cycle 3 (Grades 9-12), Alef Education has a proven track record of improving student engagement and achievement, with test scores in Indonesia increasing by 8.5% in Arabic and maths. The award-winning Alef Platform provides AI-powered learning and teaching solutions that use real-time data to drive improvements across the education system. Alef Pathways is a student-centred, self-paced supplemental math program. Abjadiyat is an Arabic language learning platform that provides engaging and interactive content from kindergarten to Grade 4. Arabits is a complete Arabic learning system for non-native speakers that helps students of all ages learn, practice, and improve their Arabic language skills using AI. Alongside supporting students throughout their educational journey, Alef Education supports 50,000 educators with tools that enrich instruction and enable high-impact interventions to improve student learning outcomes. Alef Education promotes engagement, achievement and equity in learning, preparing students for success in an ever-evolving world.
Channel Post MEA
25-06-2025
- Business
- Channel Post MEA
Core42 Leads the AI Infrastructure Revolution in the MENA Region
Ali Nimer, Chief Commercial Officer at Core42, explains that the company is building the AI infrastructure of the future for the MENA region through sovereign cloud, sector-specific solutions, and strategic partnerships—enabling secure, scalable, and responsible AI adoption. What is Core42's overarching strategy for driving AI adoption across the MENA region? At Core42, we see AI adoption as a foundational lever for national progress. As the sovereign cloud and AI infrastructure arm of G42, our mission is to bring what we call the 'Intelligence Grid' to life. Inspired by the evolution of electricity, we are building the infrastructure to distribute, access, and utilize artificial intelligence seamlessly just as the first electrical systems had generation, distribution, and regulation, we're building the foundational stack for AI. This strategy is anchored in three key pillars. First, we are delivering sovereign infrastructure by providing scalable compute power, sovereign public cloud platforms, and trusted data environments that meet the region's highest standards for security, compliance, and performance. Second, we are developing sector-specific AI solutions designed to deliver measurable impact across priority industries such as healthcare, finance, logistics, and government. Third, we are committed to broadening access to innovation by offering enterprise-ready APIs through our Compass API platform, managed services, and AI tools that make advanced technologies usable and accessible for organizations at every maturity level. To accelerate enterprise transformation, we also offer AI-associated professional services, migration accelerators, and AI-driven managed services that help clients modernize legacy systems, operationalize AI workloads, and minimize time-to-value. This ensures that our infrastructure and platforms are fully utilized to drive business outcomes. By embedding data sovereignty into every layer of our stack, we empower governments and regulated sectors to adopt AI with full trust and control. Our comprehensive approach not only addresses the region's data privacy and regulatory challenges but also aligns with the UAE's broader ambition to lead the next wave of global AI innovation. How is Core42 working with governments, enterprises, or startups to embed AI into critical sectors such as healthcare, finance, or logistics? Core42 is actively enabling AI transformation across sectors that are critical to national resilience and economic diversification. Our approach is sector-specific and outcome-driven as we work as a strategic partner helping governments, enterprises, and startups embed AI into their core operations with speed, security, and scale. In healthcare, we're supporting the shift toward predictive diagnostics, genomics, and precision medicine. Through flagship projects and domain-specific AI models, we're helping healthcare systems unlock real-time insights and drive smarter, more personalized care delivery. While, in finance, we're accelerating the use of AI for fraud detection, compliance automation, and personalized banking. For example, we worked with First Abu Dhabi Bank (FAB) on cloud transformation to migrate operations to Microsoft Azure while ensuring full data sovereignty through our proprietary sovereign controls platform, Insight. We are also powering smart government by partnering with public sector entities such as the Department of Government Enablement – Abu Dhabi to establish sovereign cloud infrastructure. This enhances the efficiency and innovation in citizen services while ensuring AI adoption aligns with framework for safety, security, and responsible development. This partnership exemplifies the UAE's leadership in building globally significant, future-facing AI alliances, with Core42 at the center of implementation. Our industry-tailored offerings are powered by a full-stack AI ecosystem, featuring globally distributed GPUs, AI-optimized storage, and heterogeneous compute infrastructure. Supporting this is our suite of AI-driven managed services and migration frameworks, which simplify deployment and enable clients to rapidly transition to AI-native operations. These services abstract the technical complexity, allowing organizations to focus on measurable outcomes while ensuring alignment with sector-specific compliance requirements. Whether it's co-creating with startups, scaling with enterprises, or modernizing public systems, Core42 delivers AI where it matters – responsibly, securely, and at scale. What are the key challenges facing AI adoption in MENA and how is Core42 helping to overcome them? One of the primary challenges in the MENA region is the lack of localized infrastructure and data frameworks that meet regional regulatory and operational needs. Another is the talent gap, especially in deep AI research, model deployment, and responsible AI governance. At Core42, we're addressing these challenges by localizing AI at every layer: from sovereign cloud offerings and deploying AI infrastructure to enterprise-ready APIs and scalable platforms that simplify deployment while ensuring compliance. We're also tackling the talent gap through strategic workforce development initiatives. Our AI-powered tools are reshaping HR by enabling data-driven candidate matching, skills-based hiring, and predictive workforce analytics, ensuring the right talent is placed efficiently and fairly. Beyond hiring, Core42 uses AI to personalize employee learning and development journeys, aligning training programs with individual career goals. Sentiment analysis tools offer insights into engagement and well-being, allowing us to proactively foster a positive workplace culture. We conduct regular bias audits, use diverse training datasets, and maintain continuous human oversight to ensure our models remain transparent, fair, and accountable. By embedding AI across infrastructure, operations, and workforce development, Core42 is helping enterprises adopt AI responsibly and shaping the future of an inclusive and sovereign AI economy in the MENA region. What role do strategic partnerships play in Core42's AI expansion across the MENA region, and how are you leveraging them to scale adoption? Strategic partnerships are the backbone of Core42's AI expansion – not just in MENA, but globally. We don't approach AI as a standalone capability; we see it as a collaborative movement that requires shared infrastructure, aligned governance, and co-developed innovation. Our landmark collaboration with Microsoft and G42, announced in April 2025, exemplifies this approach. The $1 billion investment in the global hyperscale data center in Abu Dhabi is a key milestone in the UAE's digital evolution. It also establishes secure, sovereign cloud services powered by Microsoft Azure through Core42's infrastructure. What sets this apart is not just the scale of investment, but the alignment on responsible AI development, security, and data sovereignty which are future-facing with Core42 at the center of implementation. Through our Regulated Technology Environment (RTE) and sovereign-by-design architecture, we embed these global collaborations within a framework that respects both UAE regulatory priorities and international compliance standards. This ensures that our partnerships – whether with Microsoft, AMD, NVIDIA, Oracle, Cerebras, or others can drive innovation without compromising on control, governance, or geopolitical stability. By integrating world-class technologies into regionally controlled data environments, Core42 enables faster AI adoption across industries – from smart government and digital banking to genomics and predictive logistics. These partnerships allow us to scale faster, adapt more intelligently, and bring advanced AI to the edge – where real-world problems exist. How is Core42 addressing the need for AI talent and skill development across local markets? At Core42, we recognize that driving AI adoption at scale begins with building talent capacity not just within our organization, but across the entire ecosystem. We are not only engineering AI solutions; we are helping build a sustainable AI economy, and that requires investing in people. We take a multi-dimensional approach to talent development. Through close collaboration with universities, national training programs, and global upskilling initiatives, we are helping shape the next generation of AI practitioners, infrastructure engineers, cloud specialists, and digital policy leaders. We also embed talent-building components directly into our client engagements, ensuring that local teams are upskilled as part of project delivery. Internally, we are deeply committed to fostering a high-performing, diverse workforce. We leverage AI-driven sourcing tools and market intelligence to identify top talent from thriving tech ecosystems around the world, while reinforcing our position as an employer of choice in the UAE. But hiring is just one part of the equation. Core42 invests heavily in ongoing development through technical and leadership training, internal mobility, curated mentorship programs, and milestone-based learning journeys that support career progression. We also prioritize UAE national development through dedicated initiatives that nurture homegrown talent into future technology leaders. Finally, our use of AI in recruitment reflects our broader ethos of responsible AI. We combine intelligent screening tools with human oversight to streamline hiring while upholding fairness, cultural alignment, and ethical standards. By pairing AI enablement with human development, we are cultivating a workforce ready to lead in a sovereign, AI-first future. How does Core42 ensure ethical, transparent, and responsible use of AI technologies in MENA markets? At Core42, responsible AI is embedded into every layer of our technology, operations, and governance. As a sovereign AI leader, we are deeply committed to advancing innovation that is transparent, accountable, and aligned with societal values. We welcome the growing global focus on AI safety, driven by the emergence of frontier models, and actively participate in shaping the regulatory frameworks that will define the next era of trusted AI. This includes contributing to policies around model evaluation and testing, the safe deployment of AI in regulated industries, and the development of cross-border compliance frameworks that protect both data and people. Internally, we uphold a strong culture of ethical data use, reinforced by our parent company G42's commitment to trust, transparency, and compliance. Through Responsible AI Centers and robust internal frameworks, we ensure that data is handled securely and transparently across applications – from healthcare and finance to smart government and infrastructure. Core42 is also helping define a regional model for AI governance – one that could serve as a blueprint for other emerging digital economies. Our frameworks prioritize explainability, privacy, and control, especially for governments and sectors handling sensitive data such as healthcare and finance. By embedding ethical principles into every layer of our operations, we foster trust not only among our partners and customers but also across the broader AI ecosystem. In essence, our approach to responsible AI is anchored in transparency, backed by compliance, and designed to scale safely in a rapidly evolving regulatory landscape.
Zawya
18-06-2025
- Business
- Zawya
G42, Liquid AI partner to deliver efficient AI solutions to enterprises
ABU DHABI: G42, the Abu Dhabi-based global technology group, and Liquid AI, a leading efficient foundation models company headquartered in Cambridge, Massachusetts, today announced that they have entered into a multifaceted commercial partnership to facilitate the creation, training and commercialisation of generative AI solutions powered by Liquid Foundation Models. The goal of the partnership is to jointly develop and deploy private generative AI solutions internationally, from the Middle East and North Africa to the Global South, and across many sectors, such as investment and banking, consumer electronics, telecommunications, biotech, and energy. G42 companies such as Core42 and Inception are involved in various aspects of the partnership, from AI infrastructure for AI development to co-designing multimodal foundation models and deployment. 'This partnership reflects our shared vision for AI that is sovereign, efficient, and enterprise-ready,' said Dr. Andrew Jackson, group chief AI officer of G42. 'By combining G42's infrastructure with Liquid AI's model innovation, we're advancing scalable, trusted AI solutions for global industries.' 'The scale and impact that G42 has brought to the AI world is inspiring,' said Ramin Hasani, co-founder and CEO of Liquid AI. 'This partnership, complementary to the global AI momentum, enables a top-down approach to delivering efficient, capable, and private general-purpose AI models at scale to enterprises faster than ever.' In light of the recent US-UAE AI acceleration partnership, this alliance is another testament to the commitment of both initiatives to building responsible and inclusive AI for all.
