Latest news with #G42
India.com
an hour ago
- Business
- India.com
After Xiaomi, Manu Jain's next BIG bet of Rs 119750820000 on India to achieve its…, G42 to enter in…
Focus on artificial intelligence has increased rapidly worldwide. G42, based in Abu Dhabi, founded in 2018 is also building an AI portfolio in the Middle East. G42 is working on healthcare and climate science, space exploration and high-performance computing. Now the company is focusing more on India with its new plans for the country. The man who will lead it is Manu Jain, one of the big faces in Indian technology. As CEO of G42 India, Jain is now handling G42's India plan. He is already famous in India for building Xiaomi as a big smartphone brand in India. Jain was appointed at G42 in October 2023 as a shift in the company's India strategy. Jain has been already working for G42's entry into India's AI ecosystem. 'After building the largest smartphone company, we are here to create real impact using AI,' said Jain, reported Economic Times. Why Is India Important For G42? In an interview given to Economic Times Jain said, ''India has potential to become an AI superpower.'' The Indian government is working on catching up to this AI boom. Country has already launched the Rs 10,300-crore India AI Mission in 2024, which is considered as India's AI strategy. The government has shortlisted seven companies to procure around 15,000 advanced GPUs for its AI mission. 'Despite having a rapidly digitising economy, it (India) still lacks the basic building blocks required for large-scale AI innovation. That's where we come in,' says Jain to ET and added that G42 has committed to the Government of India to assist in laying down foundational infrastructure in three core areas data centres, computer clusters, and AI models. Abu Dhabi's G42 is betting $10 billion globally and India is also in focus in this plan. Jain led the plan, the company with the help of global expertise going to advance India's AI narrative. G42's India push is part of a broader $10 billion global expansion fund launched in 2025 and it is supported by the Abu Dhabi Growth Fund (ADG), which invests in late-stage tech companies and AI-driven platforms. G42 states that its entry is on right time when India started defining governance models for responsible AI development.
The National
9 hours ago
- Business
- The National
UAE ambassador promotes technology security of AI acceleration plans with US
Yousef Al Otaiba, the UAE's ambassador to the US, on Wednesday promoted the security aspect of the new US-UAE AI Acceleration partnership. The details come after plans for a 5GW UAE-US AI Campus in Abu Dhabi were announced during President Donald Trump's visit to the UAE. A follow-up development will see Abu Dhabi-based G42 teaming up with technology giants OpenAI, Oracle and Nvidia to create an AI hub in the emirate as part of that project. The US-UAE AI Acceleration partnership also includes commitments from the Emirates to invest in US digital infrastructure. 'Through the implementation of a Regulated Technology Environment, approved UAE organisations acquiring regulated US technologies will adhere to extensive physical and cybersecurity protocols,' Mr Al Otaiba said in a statement posted by the embassy on X. 'These involve regular audits, third-party validations, and active oversight by both nations' governments. The direct involvement of leading US companies further ensures that advanced AI chips and technologies are fully protected from diversion or unauthorised access.' The unprecedented AI boom has been accompanied by increased dialogue to ensure the technology that makes it possible does not fall into the wrong hands. 'This is nothing new,' Mr Al Otaiba said, reflecting on the emphasis on securing the technology at the heart of the recent UAE-US AI announcements. 'This initiative is just the latest in a broad spectrum of Emirati-American partnerships, grounded in decades of mutual trust. 'The UAE has purchased and operates some of the US's most sophisticated defence systems and co-operates closely with the US on a civilian nuclear energy programme with strict safeguards.' The new plans will make the UAE home to one of the world's largest AI infrastructure projects at a time of global competition for AI innovation. The US has sought to maintain its lead in the race by protecting its AI technology, while at the same time working with partners like the UAE to bolster breakthroughs in the sector. The recently publicised plans for the 5GW UAE-US AI Campus in Abu Dhabi gave a reason for optimism for those in the UAE hoping to maintain the country's regional lead on AI research and development. 'To put the new 5GW AI campus in Abu Dhabi into perspective, it would support up to 2.5 million Nvidia B200s. That's bigger than all other major AI infrastructure announcements we've seen so far,' wrote Lennart Heim, an associate information scientist at the Rand Corporation think tank. During Mr Trump's visit to Abu Dhabi, Commerce Secretary Howard Lutnick spoke on the security details of the UAE AI plans, as did Sriram Krishnan, the White House's senior policy adviser for AI. 'These Middle East AI partnerships are historic and this 'AI diplomacy' will help lock-in the American tech stack in the region,' Mr Krishnan posted on X. 'This happens on top of rigorous security guarantees to stop diversion or unauthorised access of our technology.' Both the AI Campus and Stargate UAE plans have been greeted with enthusiasm in technology circles. 'Great to work with the UAE,' said OpenAI founder Sam Altman, in reference to Stargate UAE, an endeavour that includes his company as well as Oracle and Nvidia. Mr Al Otaiba's statement reflected on what he described as the broad benefits that Stargate would yield. 'This new initiative will build compute capacity to deliver safe, secure and broadly beneficial AI in the UAE, US and around the world,' he said.
Yahoo
14 hours ago
- Business
- Yahoo
OpenAI wants to help countries develop their own AI capabilities. But can they afford it?
The rise of AI is a tale of haves and have-nots. The power-hungry sector demands near-endless resources, from computing power to engineering talent, meaning top companies are mostly restricted to being based in the world's superpowers. OpenAI, the most valuable startup operating in the space, wants to change that, announcing a new initiative to help other countries build out their own AI infrastructure. Speaking on Wednesday at Fortune's ASEAN-GCC Economic Forum in Malaysia, OpenAI chief strategy officer Jason Kwon argued that his company's ambitious program will help countries determine their own future in the booming industry, even as the cost to create home-grown competitors remains prohibitive for most nations. 'Infrastructure is destiny,' Kwon said on a panel. He pointed at OpenAI's first pilot for the program, in the United Arab Emirates. Though hardly a cash-strapped country, the UAE still pales in size compared to the U.S. and China, and OpenAI's partnership represents its first international deployment of its Stargate platform, which will aim to direct hundreds of billions of dollars into infrastructure development. Kiril Evtimov, the chief technology officer of the leading UAE AI company G42, joined Kwon onstage in Malaysia, arguing that countries will have to be inventive to achieve technological autonomy, such as relying on open-source models for specific use cases, like embedding AI into government services, when other costs grow too prohibitive. 'Technically, this is probably as sovereign as it will get,' Evtimov said. 'It's always about balance.' Headquartered in California, OpenAI has amassed a staggering—and unprecedented—amount of funding for a private company, closing its latest round in March, valuing the ChatGPT developer at $300 billion. But even as the company swells, its CEO, Sam Altman, continues to hammer its mission of creating AI for all—which includes non-U.S. countries, even as geopolitical tensions simmer. Speaking on Wednesday's panel, Kwon argued that OpenAI aims to work individually with countries depending on their own needs, even if they cannot afford to build out multi-billion-dollar data centers like the UAE. 'It's not just about having capital,' he said. 'We'll provide the engine, and they're going to be providing the steering.' While the growing isolationist strain in Washington, led by President Trump, could dissuade some countries from working with U.S.-based tech firms, Kwon said that OpenAI's job is to listen to what they want to achieve, including localizing models. In the company's release announcing the initiative last week, it cited potential examples like providing customized ChatGPT to citizens that can deliver healthcare services and helping to raise and deploy a national startup fund. Still, OpenAI's move to help develop infrastructure, especially in the Middle East and with support from the Trump administration, has drawn criticism from some China hawks who have raised national security concerns. Trump's AI and crypto czar, David Sacks, pushed back in an X post earlier this month, calling the investment 'hugely beneficial for the United States.' With OpenAI quickly becoming one of the world's largest and most influential tech companies, its scope continues to grow, especially with last week's announcement of its $6.5 billion acquisition of legendary Apple designer Jony Ive's startup to build AI-native hardware devices. Kwon said that OpenAI's decision was rooted in its belief that AI is shifting how humans will interact with computers, necessitating new modes of communication. 'We need to be a full-stack competitor,' he said. This story was originally featured on
Trade Arabia
18 hours ago
- Business
- Trade Arabia
Enercap starts production of 'Made in UAE' advanced batteries
Enercap, a subsidiary of Apex Investment, has officially commenced the production of fully UAE-manufactured advanced batteries designed for a wide range of critical sectors, including electric vehicles, urban power grids and data centres. Speaking to the WAM on the sidelines of the 2025 World Utilities Congress in Abu Dhabi, Ahmed Amer Omar, Managing Director of Apex Investment and Enercap, confirmed that the company had recently signed a contract with 2PointZero and is currently in discussions with several European countries, including the United Kingdom and Italy, which have expressed interest in deploying these innovative batteries. The batteries offer a significant advantage in operational frequency, being capable of charging and discharging up to four to five times per day, compared to conventional batteries which typically handle only one cycle. This capability supports vital infrastructure such as electricity networks across diverse locations, stated Omar. He also announced that the company is developing the fully renewable-powered "Mawasem Park" project, located between Abu Dhabi and Al Samha. Enercap is currently testing its batteries with major firms such as G42 to enhance data centre resilience and sustainability. Omar stressed the central role of artificial intelligence in advancing this sector and reiterated that the product is 100 percent Emirati in conception, design and manufacture. Bilal Sheikh, Chief Marketing Officer at Enercap, said the company is showcasing a globally unique energy storage system at the event, considered one of the most advanced in the world and fully developed and manufactured within the UAE. The system is the world's first non-chemical battery technology, free from lithium, electrolytes or graphene. Instead, it operates on an electrostatic energy storage principle, allowing for ultra-fast charging and high operational efficiency. The batteries can recharge electric vehicles in under six minutes and have a lifespan of up to 40 years, coupled with a high safety rating that eliminates the risk of combustion. Sheikh said that Enercap integrates artificial intelligence across its operational ecosystem, including its battery management systems, industrial data analytics, consumer behaviour insights, and applications in electric vehicles, grid energy return, renewable energy system management and carbon credit tracking. "AI has become integral to modern enterprise growth, both structurally and in its applications and Enercap uses AI to enhance manufacturing efficiency and to optimise battery usage among consumers for maximum energy efficiency," he added.
Malay Mail
20 hours ago
- Business
- Malay Mail
Tengku Zafrul says AI is key to economic and geopolitical resilience
KUALA LUMPUR, May 28 — The success of individuals, companies and nations in the future could be measured by how effectively they deploy and use artificial intelligence (AI), said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He noted that AI is no longer just a technological tool; rather, it has arguably become the next great enabler of economic competitiveness, national resilience, and even geopolitical influence. 'In many ways, AI has already disrupted how we work, search for or present information - even how we live, interact and entertain among ourselves. Still, there is no shortage of voices who will warn us about the challenges and dangers of this latest game changer. 'We cannot, for example, easily dismiss the possibility of AI aggravating increased polarisation, xenophobia, racism or propensity for war,' he said in his opening notes during the fireside chat session titled 'The Intelligence Grid: Building Bridges Through Sovereign AI Collaboration' here today. Tengku Zafrul was the moderator for the firechat session, joined by three speakers - Prime Minister Datuk Seri Anwar Ibrahim, Vietnam Prime Minister Pham Minh Chinh, and G42 group chief executive officer Peng Xiao. G42 is a technology holding company based in Abu Dhabi, United Arab Emirates, with a focus on AI and cloud computing. However, Tengku Zafrul said that in a world often framed by 'binary rivalries,' the session is choosing to take an alternative path. 'What we hope to explore today is how middle powers - like those in ASEAN and the Gulf - can shape a new model of sovereign AI collaboration: one that respects sovereign interests, while promoting shared development, mutual trust, and inclusive progress. We are lucky to have a distinguished trio of two leaders and a global corporate captain to deliberate these weighty questions before us,' he added. — Bernama
