Latest news with #MagzhanKenesbai
Zawya
14-07-2025
- Business
- Zawya
Kazakhstan collaborates with Presight to launch first national supercomputer
Abu Dhabi – Kazakhstan has officially launched its first national supercomputer in partnership with Presight AI Holding to boost digital transformation and technological sovereignty, according to a press release. Developed by the Ministry of Digital Development, Innovation and Aerospace Industry, the supercomputer will serve as a cornerstone for the Republic's AI ecosystem, enabling national security and advanced research. It will also provide large-scale model training and secure data infrastructure, reinforcing Kazakhstan's position as a regional hub for AI and cloud computing. In line with Kazakhstan's commitment to data sovereignty and scientific excellence, the supercomputer will promote cross-border collaboration across Central Asia, the Middle East, and beyond. Magzhan Kenesbai, Chief Growth Officer at Presight, highlighted that Kazakhstan has all the key elements to emerge as a global leader in the AI industry, affirming Presight's support to foster the country's digital transformation. 'This journey is being shaped through close collaboration between the government, local stakeholders, and international partners—advancing critical areas such as energy infrastructure, data centers, and compute capacity, chip imports, talent development, and frontier AI models,' Kenesbai added. He added: 'The launch of the national supercomputer is a key milestone in a broader, strategic agenda to build a digitally empowered nation.' The official also briefed President Kassym-Jomart Tokayev on Presight's latest global initiatives and projects, including the Stargate UAE project and UAE-US AI Campus. They also shared updates on the implementation status of the Astana Smart City project, which features more than 60% local suppliers, with Presight Kazakhstan employing over 50 specialists. The project backs technology transfer, local expertise, and long-term in-country value. In the first quarter (Q1) of 2025, the ADX-listed company's net profits after tax jumped to AED 120.02 million from AED 95.94 million in Q1-24. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Trade Arabia
13-05-2025
- Business
- Trade Arabia
AIQ expands footprint with AR360 deployment at KazMunayGaz
AIQ, an Abu Dhabi-based AI company, has partnered with KazMunayGaz to develop a Reservoir Performance Advisor (RPA) module from its Advanced Reservoir 360 (AR360) solution. AR360 is a predictive tool that increases user productivity by 75% in reservoir model reviews. The RPA module allows users to access machine learning and automation capabilities directly within their workflows. The collaboration was announced during a state visit by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to Kazakhstan, involving Magzhan Kenesbai, AIQ Acting Managing Director, and Askhat Khassenov, CEO of KazMunayGaz, Kazakhstan's national oil and gas operator, in Astana. The RPA module will be used by KazMunayGaz to enhance their reservoir model reviews. Magzhan Kenesbai, Acting Managing Director of AIQ stated, 'AR360 has already achieved impressive results within Adnoc operations, providing engineers with unmatched reservoir insights. The solution is deployed across dozens of Adnoc reservoirs, and we are eager to implement the solution in Kazakhstan, where KazMunayGaz will be able to rapidly begin to benefit from a 360-degree view of its reservoirs, drastically improving decision-making. Collaboration between the UAE and Kazakhstan is far-reaching and positive, and we are pleased to include this latest agreement to both our nation's pursuits of innovation for the benefit of industry and society.' -TradeArabia News Service
Trade Arabia
24-04-2025
- Business
- Trade Arabia
AIQ, Weatherford partner to boost energy efficiency
Abu Dhabi-based AI company AIQ and Weatherford have signed a strategic collaboration agreement to enhance energy production efficiency. The partnership will integrate Weatherford's advanced automation, data-driven insights, and AI technology with AIQ's AI-driven systems. This will enable operators to optimise production workflows, reduce downtime, and improve operational efficiency across global energy facilities. The collaboration aims to leverage advanced automation, data-driven insights, and AI technology. Magzhan Kenesbai, Acting Managing Director of AIQ said, 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are delivering greater efficiencies to the industry through the development of scalable, automated applications. Together, we are set to empower operators to optimise their workflows, reduce downtime, and achieve unparalleled operational excellence.' Girish Saligram, President and Chief Executive Officer of Weatherford, commented, 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the energy industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation, and reduce costs. By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today's rapidly evolving energy landscape.' Key Highlights of the Strategic Partnership include: Modern Edge Integration: The partnership will combine AIQ's AI technology with Weatherford's Modern Edge, providing operators with the ability to scale their work processes efficiently while ensuring an economic return. This integration will empower customers to modernise their edge operations, facilitate autonomous production, and offer the flexibility to expand operations, all while optimising resource usage and reducing costs. Unified Data Model: Weatherford's Universal Normaliser will work in tandem with AIQ's capabilities to harmonise multi-asset data, combining operational and financial analysis into a unified, API-supported data model. This will drive smarter decision-making and streamline operations across facilities.
Yahoo
22-04-2025
- Business
- Yahoo
Weatherford partners with AIQ to improve efficiency in energy production
Weatherford International (WFRD) has entered a memorandum of understanding (MOU) with AIQ, the Abu Dhabi-based AI company, to revolutionise energy production with the integration of advanced automation and AI technology. The collaboration will see the merging of Weatherford's software and hardware solutions including Modern Edge suite, Unified Data Model and WFRD Software Launchpad with AIQ's AI-driven systems. This synergy is expected to provide operators with the tools to optimise production workflows, reduce downtime and boost operational efficiency. Weatherford president and chief executive officer Girish Saligram commented: 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the oil and gas industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation and reduce costs. "By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today's rapidly evolving energy landscape.' By leveraging Weatherford's Modern Edge suite and AIQ's technology, the partnership promises to scale up work processes while ensuring economic returns. The integration is designed to enable autonomous production, modernise edge operations and offer the flexibility to expand while optimising resources and cutting costs. The Universal Normaliser from Weatherford will work alongside AIQ's systems to harmonise data from multiple assets. This unified approach to operational and financial data, supported by an API (application programming interface)-driven data model, is set to enhance decision-making and streamline operations. Furthermore, through the WFRD Software Launchpad, customers will have access to a comprehensive industrial software-as-a-service platform. AIQ acting managing director Magzhan Kenesbai said: "This platform simplifies the procurement of software needs, managing multiple systems and vendors, and provides a singular access point for all Weatherford and partner-built applications. 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are driving greater efficiencies to the industry through the development of scalable, automated applications." Kenesbai added: "Together, we are set to empower operators to optimise their workflows, reduce downtime and achieve unparalleled operational excellence.' Last month, AIQ secured a contract valued at $340m from Abu Dhabi National Oil Company (ADNOC) for the implementation of its ENERGYai platform and related AI solutions. This aims to boost efficiency and accuracy within ADNOC's upstream activities. "Weatherford partners with AIQ to improve efficiency in energy production" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Weatherford partners with AIQ to improve efficiency in energy production
Weatherford International (WFRD) has entered a memorandum of understanding (MOU) with AIQ, the Abu Dhabi-based AI company, to revolutionise energy production with the integration of advanced automation and AI technology. The collaboration will see the merging of Weatherford's software and hardware solutions including Modern Edge suite, Unified Data Model and WFRD Software Launchpad with AIQ's AI-driven systems. This synergy is expected to provide operators with the tools to optimise production workflows, reduce downtime and boost operational efficiency. Weatherford president and chief executive officer Girish Saligram commented: 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the oil and gas industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation and reduce costs. "By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today's rapidly evolving energy landscape.' By leveraging Weatherford's Modern Edge suite and AIQ's technology, the partnership promises to scale up work processes while ensuring economic returns. The integration is designed to enable autonomous production, modernise edge operations and offer the flexibility to expand while optimising resources and cutting costs. The Universal Normaliser from Weatherford will work alongside AIQ's systems to harmonise data from multiple assets. This unified approach to operational and financial data, supported by an API (application programming interface)-driven data model, is set to enhance decision-making and streamline operations. Furthermore, through the WFRD Software Launchpad, customers will have access to a comprehensive industrial software-as-a-service platform. AIQ acting managing director Magzhan Kenesbai said: "This platform simplifies the procurement of software needs, managing multiple systems and vendors, and provides a singular access point for all Weatherford and partner-built applications. 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are driving greater efficiencies to the industry through the development of scalable, automated applications." Kenesbai added: "Together, we are set to empower operators to optimise their workflows, reduce downtime and achieve unparalleled operational excellence.' Last month, AIQ secured a contract valued at $340m from Abu Dhabi National Oil Company (ADNOC) for the implementation of its ENERGYai platform and related AI solutions. This aims to boost efficiency and accuracy within ADNOC's upstream activities. "Weatherford partners with AIQ to improve efficiency in energy production" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
