Artificial Intelligence
Presight CEO: AI Era is Here to Stay

AI Revolution: Abu Dhabi’s Presight Smashes Revenue Barriers
What’s Happening?
Abu Dhabi-based AI powerhouse Presight has shattered records, exceeding AED 1 billion in first-half revenue. The company’s aggressive expansion strategy, particularly its acquisition of AIQ, is driving unprecedented growth in the artificial intelligence sector.
Where Is It Happening?
The growth is centered in Abu Dhabi, UAE, with global implications as Presight continues to expand internationally.
When Did It Take Place?
The record-breaking revenue was reported for the first half of the current fiscal year, with significant growth in the second quarter.
How Is It Unfolding?
– Presight’s revenue and net profit surged in the second quarter.
– The acquisition of AIQ, an AI solutions provider for the energy sector, has proven to be a game-changer.
– CEO Thomas Pramotedham highlighted the company’s strategic international acquisitions.
– AI applications in oilfields are a major growth driver.
– The company has upgraded its outlook for the rest of the year.
Quick Breakdown
– Presight achieves AED 1 billion in first-half revenue.
– Q2 revenue and net profit see substantial increases.
– AIQ acquisition fuels growth in the energy sector.
– Positive outlook for the remainder of the year.
– CEO discusses expansion strategies on Bloomberg’s Horizons program.
Key Takeaways
Presight’s remarkable growth underscores the transformative power of AI in various industries, particularly energy. The company’s strategic acquisitions and innovative applications of AI in oilfields demonstrate its commitment to staying ahead in the AI revolution. This success story highlights the immense potential of AI to drive economic growth and revolutionize traditional sectors.
“I’m optimistic about Presight’s future. The integration of AIQ and our other strategic moves position us as leaders in the AI-driven energy revolution.”
– Thomas Pramotedham, Presight CEO
Final Thought
**Presight’s record-breaking performance is a testament to the unstoppable rise of AI. As the company continues to innovate and expand, it sets a benchmark for the industry, proving that AI is not just a trend but a lasting transformation.**
Source & Credit: https://www.bloomberg.com/news/videos/2025-08-13/presight-ceo-ai-era-is-here-to-stay-video