Microsoft has announced a $1.5 billion investment in G42, a leading AI company based in the United Arab Emirates (UAE).
The partnership aims to advance AI solutions using Microsoft’s Azure platform across the Middle East, Central Asia, and Africa.
The agreement, confirmed by Microsoft, is accompanied by commitments to both the US and UAE governments. The company pledges “secure, trusted, and responsible development and deployment of AI” in line with best practices.
As part of the deal, Microsoft President Brad Smith will join G42’s board.
“With the breadth of the Microsoft Cloud and its differentiated AI capabilities, the deal significantly advances G42’s strategy of delivering generative AI and next-generation infrastructure and services for a range of customers across financial services, healthcare, energy, government and education,” Microsoft said.
For Microsoft, the deal opens doors to lucrative business opportunities in the UAE. G42, backed by a member of Abu Dhabi’s royal family, Sheikh Tahnoon bin Zayed Al Nahyan, aspires to be a Middle Eastern AI leader.
The new partnership allows Microsoft to enter this growing market and potentially gain a competitive edge through its technology and expertise.
Read the entire article here: https://www.computing.co.uk/news/4198628/microsoft-injects-usd-billion-uaes-g42
