News ABB and Cleanwatts Digital partner for energy management ABB and Cleanwatts Digital have signed a memorandum of understanding to build enhanced energy management and efficiency technologies for communities and buildings. The two companies will offer a unified and scalable solution to harmonise renewable generation, storage, and energy-efficient operations. Benefits will include lower energy costs through optimised consumption of self- produced renewable energy, reduced electricity connection charges and enhanced efficiency and performance of renewable equipment including energy storage. DAMAC Group has announced a significant increase in its investment in the Artificial Intelligence (AI) sector, with the aim of further enhancing its role in advancing foundational AI models and infrastructure. “As a forward-thinking organisation, we recognise the transformative potential of AI in shaping the future," said Hussain Sajwani, founder and chairman of DAMAC Group. "Our increased investment in AI reflects our commitment to supporting the development of groundbreaking technologies that can drive progress and create new opportunities across various sectors.” Boosting AI investment The partnership will bring big benefits. 4 Annual Construction Review 2024 | www.technicalreviewmiddleeast.com DAMAC Group will increase its investment in AI.