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Microsoft Makes $1.5 Billion Investment in AI Company G42, Headquartered in the UAE

Microsoft announced a $1.5 billion investment in UAE-based AI technology company G42 to establish a $1 billion fund for developers. The collaboration aims to bring Microsoft AI technologies and skilling initiatives to the UAE and other countries globally. Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors.

H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, expressed, “This partnership is a testament to the shared values and aspirations for progress, fostering greater cooperation and synergy globally.” G42 and Microsoft will bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa.

Smith shared, “We will work together not only in the UAE, but to bring AI and digital infrastructure and services to underserved nations.” The focus will be on combining world-class technology with world-leading standards for safe, trusted, and responsible AI, in coordination with the UAE and US governments.

The investment and partnership between Microsoft and G42 will drive innovation in AI technology and support developers globally. This collaboration highlights the commitment to advancing AI technologies for societal progress and enhancing digital infrastructure in underserved regions.

IANS

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