Microsoft to Invest $1.5 Billion in UAE’s G42 for AI Technology
In a groundbreaking move, global tech giant Microsoft has announced a $1.5 billion investment in the UAE-based artificial intelligence technology company G42. The aim is to provide cutting-edge AI solutions and skilling initiatives in the region.
Partnership Details
As part of the deal, G42 will grant Microsoft a minority stake in the company. Brad Smith, Microsoft’s vice chair and president, will also join G42’s board of directors, cementing the partnership between the two tech giants.
G42 will leverage Microsoft Azure to power its AI applications and services, collaborating to deliver advanced solutions to global public sector clients and large enterprises.
Global Impact
Smith emphasized the global reach of the partnership, stating that the two companies will work together to bring AI and digital infrastructure and services to underserved nations. The focus will be on implementing safe, trusted, and responsible AI solutions in close coordination with governments.
The collaboration aims to bring advanced AI and digital infrastructure to nations in the Middle East, Central Asia, and Africa, ensuring equitable access to services while maintaining high levels of security and privacy.
Driving Innovation and Growth
The agreement also includes a $1 billion investment in a fund for developers, with the goal of creating a skilled and diverse AI workforce. This initiative will foster innovation and competitiveness in the UAE and beyond.
The expanded collaboration between Microsoft and G42 will empower organizations in new markets to harness the benefits of AI and the cloud, while adhering to world-leading standards of safety and security in AI technology.