Microsoft to Invest $1.5 Billion in UAE’s Top AI Firm G42

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Microsoft Corporation, a leading tech company, announced a commitment of $1.5 billion to invest in Emirates’ foremost artificial intelligence firm, G42. This decision strengthens Microsoft’s strategic shift from China.

Microsoft’s investment in G42ai at the UAE will strengthen the country’s status as a leading AI innovation center. This collaboration brings advanced technology and digital infrastructure to support underdeveloped countries, fostering growth through technological innovation. We aim to merge world-class technology with ethical and trustworthy standards.

— Brad Smith (@BradSmi) April 16, 2024

Brad Smith, the president of Microsoft, is set to join the board of G42. In this collaboration, G42 intends to utilize Microsoft’s Azure cloud technology for artificial intelligence projects. This development comes after discussions with both the UAE and US authorities.

Peng Xiao, CEO of G42, expressed, “This collaboration notably boosts our global reach, merging G42’s advanced AI expertise with Microsoft’s strong worldwide structure.”

Smith highlighted the US administration’s commitment to promoting accountable alliances in tech sector. Following consultations with the US Commerce Department, G42 shifted focus from China and adopted American technology, paving the way for a reciprocal collaboration.

G42, a key player in UAE’s AI sector, spans cloud computing to driverless cars and operates under UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan’s umbrella. Microsoft’s investment secures a minority stake in G42, with plans for a $1 billion developer fund and data center collaborations in Africa and Central Asia.

Through this collaborative effort, we speed up the availability of cloud technologies and AI solutions around the world. It aligns with American initiatives promoting technology collaboration and responsible usage of artificial intelligence.

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2024-04-16 10:28