G42, an Abu Dhabi-based technology group, and Banco Santander, a global banking group, have signed a Memorandum of Understanding to establish a framework for strategic cooperation in artificial intelligence. The partnership aims to co-develop AI-enabled advisory and savings solutions for banking customers, as well as a banking intelligence layer spanning Santander’s global operations. G42 companies Inception (agentic AI) and Presight (applied AI) are expected to play central roles in this collaboration. Why it matters: This significant partnership between a leading UAE AI entity and a global bank highlights the growing integration of advanced AI, including sovereign AI principles, into core financial services and could set a precedent for large-scale AI adoption in the global banking sector.
Presight, an AI company part of G42, is partnering with Abu Dhabi Civil Defence to develop an AI-driven public safety platform. This collaboration aims to enhance emergency response capabilities and public safety measures within the Emirate of Abu Dhabi. The platform will leverage advanced artificial intelligence technologies to improve situational awareness and operational efficiency for civil defence operations. Why it matters: This initiative represents a significant step in integrating AI into critical public services in the UAE, showcasing the nation's commitment to technological advancement in urban safety.
Core42 and PresightAI, subsidiaries of Abu Dhabi-based G42, have partnered with US firms to launch the first phase of a 5GW AI campus in Abu Dhabi. The initial phase involves a 400MW data center, with the broader campus aiming to support advanced AI applications. The project aligns with the UAE's strategy to strengthen its AI infrastructure and international tech partnerships. Why it matters: This initiative underscores the UAE's commitment to becoming a leading global hub for AI research and development, attracting foreign investment and expertise.
Presight AI Holding PLC reported a 22.2% year-on-year revenue increase, reaching AED 689.0 million in Q1-2026, alongside a 12.7% rise in EBITDA and an 11.5% increase in profit after tax. This growth was fueled by continued execution across multi-year contracts, new domestic wins, and sustained international momentum, with international revenue growing 62.9% to represent 30.0% of the Group's total. AIQ contributed AED 205.3 million (29.8%) to the Group's revenue, and the company maintained a robust, debt-free balance sheet with an order backlog of AED 3.1 billion. Why it matters: This financial performance highlights the increasing global demand for and successful deployment of sovereign, mission-critical AI infrastructure from a prominent UAE-based company.
Presight CEO Thomas Pramotedham is highlighted for his instrumental role in developing and deploying artificial intelligence solutions for national-scale intelligence initiatives within the UAE. Presight, a leading UAE-based AI company, focuses on leveraging advanced AI capabilities to enhance public sector operations, security, and smart city infrastructure. The company's efforts are critical to advancing the UAE's strategic vision for digital transformation and data-driven governance across various national sectors. Why it matters: This demonstrates how local AI leaders and companies are directly implementing sophisticated AI systems to support national strategic goals and enhance government capabilities within the UAE.
The Ministry of Foreign Trade has partnered with Presight, an AI company, to develop a new AI-powered platform. This collaboration aims to enhance and optimize various aspects of trade operations within the country. The platform will leverage artificial intelligence to improve efficiency and decision-making in the foreign trade sector. Why it matters: This initiative highlights the UAE's strategic push to integrate advanced AI technologies into its key economic sectors to drive efficiency and competitiveness.