Tuesday 30 June 2020
Microsoft has opened an artificial intelligence center for energy in Dubai - its first in the world - to develop technologies that could be used globally.
The center, known as Microsoft Energy Core, was inaugurated virtually and is based at the company’s offices in Dubai Internet City. The US technology giant is aiming to start developing AI-focused technology from this center by September 2020.
Microsoft has joined forces with 10 global partners to run the center - Honeywell, Rockwell Automation, ABB, Sensia, Accenture, Aveva, Emerson, Schlumberger, Maana, and BakerHughesC3.ai.
It has constituted an industry board that will meet every quarter to evaluate developed prototypes, discuss challenges, and bring new ideas to the floor.
Global technology giants are addressing digital transformation needs in the energy sector. Spending on energy-related AI is expected to reach USD 7.78 billion by 2024, according to a report by BIS Research in January 2020.
Companies such as IBM, Amazon, Google, and ABB are already selling digital solutions to the biggest oil and gas companies in the world.