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INTERNET | Internet Software & Services / Science & Engineering
g42.ai

Investments

10

Portfolio Exits

3

Funds

1

Partners & Customers

10

About G42

G42 specializes in artificial intelligence and cloud computing within the technology sector. The company focuses on solving complex challenges across multiple industries by leveraging the power of people and technologies. G42 primarily serves sectors that require AI and cloud computing solutions, such as healthcare, aerospace, and various other fields. It was founded in 2018 and is based in Abu Dhabi, United Arab Emirates.

Headquarters Location

Al Khaleej Al Arabi Street Capital Gate, 12 Floor

Abu Dhabi,

United Arab Emirates

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Research containing G42

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned G42 in 2 CB Insights research briefs, most recently on Jul 30, 2024.

Latest G42 News

G42 launches JAIS 70B and 20 other AI Models to Champion Arabic Natural Language Processing

Aug 5, 2024

Developed by Inception, a G42 company, this extensive suite of AI models sets a new benchmark in Arabic text processing and reasoning to empower the next generation of AI solutions Press Release PHOTO 20 models of different sizes, from 590M to 70B parameters, become available in the largest release of the JAIS family of AI tools. ABU DHABI – The latest JAIS large language model (LLM), JAIS 70B, was released today by Inception, a G42 company specializing in the development of advanced AI models and applications, all provided as a service. A 70 billion parameter model, JAIS 70B is built for developers of Arabic-based natural-language processing (NLP) solutions and promises to accelerate the integration of Generative AI services across various industries, enhancing capabilities in areas such as customer service, content creation, and data analysis. JAIS 70B delivers Arabic-English bilingual capabilities at an unprecedented size and scale for the open-source community. As a 70 billion parameter model, it has increased ability to handle complicated and nuanced tasks, as well as better capability to process complex datasets. JAIS 70B was developed using continuous training, a process of fine-tuning a pre-trained model, on 370 billion tokens of which 330 billion were Arabic tokens, the largest Arabic dataset ever used to train an open-source foundational model. In this release, the company has also unveiled a comprehensive suite of JAIS foundation and fine-tuned models; 20 models, across 8 sizes, ranging from 590M to 70B parameters, and specifically fine-tuned for chat applications, trained on up to 1.6T tokens of Arabic, English, and code data. In response to feedback from the Arabic NLP community, this extensive release now delivers a breadth of tools, including the first Arabic-centric model small enough to run on a laptop, delivering both small, compute-efficient models for targeted applications, and advanced model sizes for enterprise precision. This suite of JAIS models accommodates a wide range of use cases, and aims to accelerate innovation, development, and research opportunities for multiple downstream applications for the Arabic speaking and bilingual community. Dr. Andrew Jackson, CEO, Inception said: “AI is now a proven value-adding force, and large language models have been at the forefront of the AI adoption spike. JAIS was created to preserve Arabic heritage, culture, and language, and to democratize access to AI. Releasing JAIS 70B and this new family of models reinforces our commitment to delivering the highest quality AI foundation model for Arabic speaking nations. The training and adaptation techniques we are delivering successfully for Arabic models are extensible to other under-served languages and we are excited to be bringing this expertise to other countries.” Inception released JAIS-13B and JAIS-13B-chat in August 2023 and subsequently launched the state-of-the-art Arabic-centric models, JAIS-30B and JAIS-30B-chat. JAIS 70B and JAIS 70B-chat have proven to be even more performant in benchmarking data in both English and Arabic compared to previous models. Neha Sengupta, Principal Applied Scientist, Inception said: “For models up to 30 billion parameters, we successfully trained JAIS from scratch consistently outperforming adapted models in the community. However, for models with 70 billion parameters and above, the computational complexity and environmental impact of training from scratch were significant. We made a choice to build JAIS 70B on the Llama2 model, allowing us to leverage the extensive knowledge base of an existing English model and develop a more efficient and sustainable solution.” JAIS 70B retains, and in specific cases, exceeds, the high-quality English-language processing capabilities of Llama2, while vastly excelling on Arabic outputs versus the base model. The JAIS development team trained an expanded tokenizer based on the Llama2 tokenizer to enhance Arabic text processing efficiency, doubling the model’s base vocabulary. According to Sengupta, the model "splits Arabic words less aggressively and makes training and inferencing cheaper” than the standard Llama2 model. Users can download the JAIS models and access the technical paper and benchmarking results by visiting the dedicated page on Hugging Face: https://huggingface.co/inceptionai/jais-adapted-70b . About Inception Inception, a G42 company, is an AI company committed to exploring new technological frontiers that make companies smarter, more efficient, and future-ready. Our mission is to build best-in-class AI models and solutions, leveraging the latest tools and techniques, all delivered as a service. At Inception, we are pushing the boundaries of AI-powered human evolution. Media inquiries: Ulviyya Hasanzade Director of Corporate Communications at G42: ulviyya.hasanzade@g42.ai Send us your press releases to  pressrelease.zawya@lseg.com Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages. © ZAWYA 2024

G42 Investments

10 Investments

G42 has made 10 investments. Their latest investment was in Analog as part of their Seed on January 18, 2024.

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G42 Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/18/2024

Seed

Analog

Yes

3

3/22/2023

Series B

JD MRO

$300M

Yes

3

3/22/2023

Series B

JD Industrials

$300M

Yes

4

3/14/2023

Secondary Market - II

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$XXM

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10

11/23/2022

Series A

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$XXM

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10

Date

1/18/2024

3/22/2023

3/22/2023

3/14/2023

11/23/2022

Round

Seed

Series B

Series B

Secondary Market - II

Series A

Company

Analog

JD MRO

JD Industrials

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Amount

$300M

$300M

$XXM

$XXM

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

3

4

10

10

G42 Portfolio Exits

3 Portfolio Exits

G42 has 3 portfolio exits. Their latest portfolio exit was InstaDeep on January 10, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/10/2023

Acquired

$XXM

50

10/31/2022

IPO

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$XXM

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10

10/21/2022

Shareholder Liquidity

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$XXM

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10

Date

1/10/2023

10/31/2022

10/21/2022

Exit

Acquired

IPO

Shareholder Liquidity

Companies

Subscribe to see more

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Valuation

$XXM

$XXM

$XXM

Acquirer

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Sources

50

10

10

G42 Acquisitions

1 Acquisition

G42 acquired 1 company. Their latest acquisition was Bayanat on January 13, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/13/2020

$XXM

Acquired

1

Date

1/13/2020

Investment Stage

Companies

Valuation

$XXM

Total Funding

Note

Acquired

Sources

1

G42 Fund History

1 Fund History

G42 has 1 fund, including G42 Expansion Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

G42 Expansion Fund

$10,000M

2

Closing Date

Fund

G42 Expansion Fund

Fund Type

Status

Amount

$10,000M

Sources

2

G42 Partners & Customers

10 Partners and customers

G42 has 10 strategic partners and customers. G42 recently partnered with ADNOC, and Presight on May 5, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

5/5/2024

Partner

United Arab Emirates

Presight joins ADNOC, G42 to accelerate AI solutions via new shareholding structure for AIQ

AIQ was launched in 2020 in partnership with G42 and has already developed more than 20 AI applications and filed 16 patents .

1

4/22/2024

Licensor

United States

UAE-based AI firm G42 announces collaboration with US group Qualcomm

UAE-based AI firm G42 announces collaboration with US group Qualcomm

4

3/13/2024

Partner

United States

(PR) Cerebras Systems Unveils World's Fastest AI Chip with 4 Trillion Transistors and 900,000 AI cores

The CS-3 will also play an important role in the pioneering strategic partnership between Cerebras Systems and G42 .

4

11/14/2023

Partner

United States

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10

10/27/2023

Partner

Vietnam

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10

Date

5/5/2024

4/22/2024

3/13/2024

11/14/2023

10/27/2023

Type

Partner

Licensor

Partner

Partner

Partner

Business Partner

Country

United Arab Emirates

United States

United States

United States

Vietnam

News Snippet

Presight joins ADNOC, G42 to accelerate AI solutions via new shareholding structure for AIQ

AIQ was launched in 2020 in partnership with G42 and has already developed more than 20 AI applications and filed 16 patents .

UAE-based AI firm G42 announces collaboration with US group Qualcomm

UAE-based AI firm G42 announces collaboration with US group Qualcomm

(PR) Cerebras Systems Unveils World's Fastest AI Chip with 4 Trillion Transistors and 900,000 AI cores

The CS-3 will also play an important role in the pioneering strategic partnership between Cerebras Systems and G42 .

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Sources

1

4

4

10

10

G42 Team

7 Team Members

G42 has 7 team members, including current Chief Executive Officer, Peng Xiao.

Name

Work History

Title

Status

Peng Xiao

Chief Executive Officer

Current

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Name

Peng Xiao

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Work History

Title

Chief Executive Officer

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Status

Current

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