The CEO discusses the company’s humble beginnings, its journey so far, its promising future, and the importance of relationships
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G42, a leading artificial intelligence and cloud computing technology company based in the United Arab Emirates, is hosting an all-employee town hall event inspired by the potential of AI to powerfully transform every process and industry. We celebrated the 5th anniversary of hosting a Supercharged. The event featured a speech by Peng Xiao, CEO of G42 Group, and guest speakers such as world-renowned engineer and inventor Alex Kipman.
Since its establishment in 2018, the G42 has strengthened the UAE’s innovation and digital transformation efforts, contributing to the country’s ability to compete in the global AI market.
At the event, Peng Xiao talked about the company’s humble beginnings, its journey so far, its promising future, and the importance of relationships.
G42 will continue to be at the forefront of breakthrough technologies such as quantum computing, genomics, personalized healthcare, smart mobility and sustainability, leveraging its vast network of partnerships to: We will lead the development of visionary artificial intelligence for a better tomorrow.
Over the past five years, G42 has experienced consistent growth and expansion as the introduction of AI technology transforms industries around the world. Since starting as a team of 30, G42 has evolved into a dynamic and diverse community of over 22,000 AI experts, engineers and visionaries from over 85 nationalities. The company’s growth reflects the commitment of its employees to champion AI as a solution and push its boundaries to solve the world’s most complex problems.
Some of the G42’s most influential initiatives over the past five years include:
● Leading the COVID-19 response: G42 Healthcare has been at the forefront of the UAE’s COVID-19 response in both diagnosis and prevention. G42 Healthcare established a biogenics lab in just 14 days to meet the urgent need for COVID-19 testing in early 2020. G42 then partnered with Sinopharm to accelerate the development of a vaccine to assist the international community in the fight against COVID-19. Affected by the pandemic, he founded Hayat Biotech to launch the first COVID-19 vaccine to be produced in the Arab world.
● Collaborations and Partnerships: Over the years, G42 has partnered with the world’s leading organizations including AstraZeneca, AWS, Cisco, IBM, Illumina, Microsoft, NVIDIA, Oracle, Schlumberger and others. G42 has also entered into a multi-year partnership with the Mercedes-AMG Petronas F1 Team to unlock the full potential of artificial intelligence in motorsport.
● Healthcare Revolution in the UAE: G42 Healthcare, in collaboration with the Abu Dhabi Ministry of Health, is now working with the Federal launched the Emirati Genome Program, an initiative of and a personalized healthcare system. Additionally, in 2023, G42 and Mubadala will join forces to launch M42, the first technology-enabled integrated healthcare company of its kind, quickly becoming the largest healthcare company in the Middle East.
Transforming Oil & Gas Energy: In 2021, G42 will enter into a joint venture with ADNOC to establish AIQ, which is set up to develop and commercialize market-leading AI-based technology solutions for the oil & gas industry. bottom. Since then, AIQ has partnered and invested in future energy technology companies to lead the energy transition.
● Business Expansion: In 2020, G42 acquired Bayanat (now a leading provider of AI-powered geospatial solutions), Kazuna Data Center (a leading edge wholesale design, build and operations expert) to expand its business. Expanded the company’s portfolio. data centers), Injazat (a company that provides and manages innovative end-to-end digital his solutions and platforms tailored to industry-specific needs).
● Investing globally: The G42 will become the first UAE company to set up an international office in Israel in 2020 after the historic Abraham Accords, establishing a formal business presence and strengthening ties between the two countries, Established a foundation for economic growth between countries. The G42 also launched the 42X Fund in 2022 to foster global innovation by investing in late-stage growth companies.
● A revolution in mobility: Abu Dhabi will become the first city to offer commercial autonomous taxi services as Bayanat will begin Phase 1 trials of its self-driving taxi TXAI in 2021. Bayanat continues to provide mobility solutions and recently launched a fleet of self-driving ‘Robobuses’. ” in Abu Dhabi. ● Advocating Public Safety: As the leading AI partner of Expo 2020 Dubai, G42 will provide computer vision technology and analytics capabilities to provide a safe and seamless experience for over 25 million visitors during the event, served as a model for Operational excellence in a post-pandemic world. A major IPO in the UAE: In 2022, Bayanat will be the first and only listed Geospatial Intelligence company in his MENA region, with a successful IPO surpassing 41 submissions within hours of the opening period . A few months later, his IPO of Presight continued to fuel his IPO boom in the MENA region, demonstrating investor appetite for AI technology and in total exceeding his 136x submissions.
● Employee Support: G42 has been recognized as one of the top 25 Largest and Best Workplaces in the UAE in 2023 by Great Place to Work, a global research, training and consulting firm.
As the G42 enters its next chapter, we will continue to focus on advancing AI progress and facilitating collaboration to ensure the ethical and responsible development of AI technologies that benefit all mankind. G42 is committed to the pursuit of opening new frontiers through AI advancements in an environmentally sustainable manner, based on reliability, trust, innovation and integrity.
About G42
G42 is a technology holding group and a global leader in developing visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, his G42 advocates AI as a powerful force to benefit the entire industry. Its employees are constantly rethinking what technology can do, applying forward thinking and innovation to accelerate progress and tackle society’s most pressing problems.
The G42 is driving change within and beyond the MENA region, joining forces with nations, businesses and individuals to build the digital infrastructure for tomorrow’s world. From molecular medicine to space travel and everything in between, the G42 is realizing tremendous potential today.
