{"id":586843,"date":"2023-05-17T00:00:00","date_gmt":"2023-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/egypts-mohamed-mansour-is-purchasing-a-major-league-soccer-franchise-for-usd-500-mn-shell-is-turning-to-ai-for-help-on-its-oil-exploration\/"},"modified":"2023-05-17T00:00:00","modified_gmt":"2023-05-17T00:00:00","slug":"egypts-mohamed-mansour-is-purchasing-a-major-league-soccer-franchise-for-usd-500-mn-shell-is-turning-to-ai-for-help-on-its-oil-exploration","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/egypts-mohamed-mansour-is-purchasing-a-major-league-soccer-franchise-for-usd-500-mn-shell-is-turning-to-ai-for-help-on-its-oil-exploration\/","title":{"rendered":"Egypt\u2019s Mohamed Mansour is purchasing a Major League Soccer franchise for USD 500 mn + Shell is turning to AI for help on its oil exploration"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Egypt-born b\u2019naire Mohamed Mansour set to purchase a USD 500 mn MLS franchise in<\/span><span style=\"font-weight:700\"> San Diego:<\/span><span> Senior treasurer of the UK Conservative Party Mohamed Mansour will become the owner of a USD 500 mn Major League Soccer (MLS) team expansion franchise this week in San Diego, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thetimes.co.uk\/article\/tory-treasurer-mohamed-mansour-set-to-snap-up-new-400m-mls-franchise-in-san-diego-d20nnl8m5\" style=\"\">the Times<\/a><\/span><span style=\"font-weight:400;\">. The move is part of Mansour\u2019s plan to invest in global football and expand on the success of acquiring Danish football club Nordsjaelland (FCN). He has also expressed interest in purchasing an English football club in the future, the newspaper reports. Besides football, Mansour previously invested in Facebook, Twitter, Spotify, and Uber.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More details:<\/span><span style=\"\"> Mansour teamed up with the Sycuan Band of the Kumeyaay Nation \u2014 a Native<\/span><span style=\"font-weight:400;\"> American tribe in San Diego \u2014 with the USD 500 mn expansion fee making it the largest ever paid in the history of MLS. The team is set to start playing in 2025. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Shell to use AI to boost oil exploration:<\/span><span style=\"\"> Oil major <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.shell.com\/\" style=\"\">Shell<\/a><\/span><span style=\"\"> is turning to AI-powered oil<\/span><span> exploration under a partnership with <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sparkcognition.com\/\" style=\"\">SparkCognition<\/a><\/span><span> for data analytics, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/energy\/shell-use-new-ai-technology-deep-sea-oil-exploration-2023-05-17\/\" style=\"\">Reuters<\/a><\/span><span>. The AI will be used to speed up and increase efficiency in exploration, the companies said. SparkCognition will develop an AI-powered algorithm designed to detect new oil and gas reserves by analyzing seismic data, which can potentially accelerate explorations from nine months to less than nine days. The algorithm will use fewer seismic data scans to generate subsurface images, consequently reducing the prints and preserving deep seas.<\/p>\n<p><\/span><span style=\"font-weight:700\">This could be good news for everyone:<\/span><span style=\"\"> The traditional process of identifying potential oil and<\/span><span> gas fields is very time-consuming and requires a lot of seismic scanning to cover vast exploration areas, which can leave environmental prints in the deep seas. Relying on AI can make the process faster, as well as more efficient, cost-effective, and sustainable. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mansour is eyeing several football investments<\/p>\n","protected":false},"author":1,"featured_media":586844,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,91,594,162],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-oil-and-gas","tag-shell","tag-sports","wpautop","entry"],"acf":{"mongo_id":"b0c53887-140f-43cc-af56-5d11ac74ce11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/246.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[586838],"teaser":"Mansour is eyeing several football investments","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.b46ccef9-6b91-4630-bc2c-494fe64c4429.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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