Global energy leaders call for more AI investment at ADIPEC
ADIPEC, the UAE’s annual gathering of leaders in the global energy industry, got underway in Abu Dhabi on Monday, with CEOs from BP, Chevron, ExxonMobil and TotalEnergies sharing the stage with Microsoft and other tech giants as artificial intelligence becomes central to the energy transition.
The conference, which runs through Thursday at the Abu Dhabi National Exhibition Centre, will also spotlight sustainability, hydrogen, carbon capture and geopolitics, reflecting how energy markets are evolving beyond oil and gas production. ADNOC, Masdar and XRG convened 100 global technology, investment and government leaders at the “Enact Majlis” ahead of ADIPEC to emphasize the intersection of energy and AI, The National reports.
Hosting the event is Dr. Sultan Al Jaber, who serves as UAE Minister of Industry and Advanced Technology and also heads ADNOC and Abu Dhabi-owned renewables firm Masdar. Among the top tech executives in attendance is Brad Smith, President of Microsoft, which recently invested $1.5 billion in Abu Dhabi AI firm G42. ADNOC and Microsoft announced a new agreement on Sunday to integrate artificial intelligence throughout the UAE company’s operations and support Microsoft’s global AI and data center expansion.
Pointing to volatility in the oil market, where prices have plummeted 33% in the past two years, Al Jaber called for massive spending on data centers and artificial intelligence, reckoning that investments from the global energy industry should reach $4 trillion a year. Near-term uncertainty is real, while long-term demand remains strong,” Al Jaber said. “Our response to meet that demand should focus on data, not the drama.”
Also in Abu Dhabi, Amos Hochstein, Managing Partner at TWG Global, and formerly Deputy Assistant to the President and Senior Advisor for Energy & Investment in the Biden administration, said in an interview with CNBC that the U.S. “needs billions” in power‑infrastructure investment to modernize and secure its energy systems.
UAE President Sheikh Mohamed bin Zayed, meanwhile, met on Saturday with Doug Burgum, Secretary of the U.S. Department of the Interior and Chairman of the National Energy Dominance Council, who came to attend ADIPEC 2025. Burgum and Under Secretary of State Jacob Helberg took a tour of the UAE’s Upper Zakum oil field on Sunday.