FILE PHOTO: Presight AI logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
DUBAI (Reuters) - Artificial intelligence company Presight AI Holding has acquired a majority stake in AIQ, a technology joint venture between Abu Dhabi National Oil Company (ADNOC) and G42, under a new ownership structure announced by the companies on Wednesday.
Under the new arrangement, Presight will hold a 51% stake in AIQ with ADNOC retaining a 49% shareholding, valuing the company at $1.4 billion, a joint company statement said.
