Thursday, May 23, 2024
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Microsoft Contributes $1.5 Billion to the G42 in Abu Dhabi in Order to Advance Global Expansion and AI Development.

Microsoft and G42, the top artificial intelligence (AI) technology holding firm in the United Arab Emirates, today announced Microsoft’s strategic investment of $1.5 billion in G42.

The investment will fortify the two businesses’ cooperation in delivering cutting-edge Microsoft AI technologies and skill-building programs to the United Arab Emirates and other nations globally. As a result of this extended collaboration, Brad Smith, Microsoft’s President and Vice Chair, will become a member of the G42 Board of Directors.

Through this increased cooperation, businesses of all sizes can take advantage of cloud computing and artificial intelligence (AI) while ensuring the technology they use complies with the highest safety and security requirements globally.

G42 and Microsoft will also collaborate to provide advanced artificial intelligence (AI) and digital infrastructure to Middle Eastern, Central Asian, and African nations. This will enable these regions to fairly access services that address significant business and governmental issues while maintaining the highest standards of security and privacy.

“Microsoft’s investment in G42 marks a pivotal moment in our company’s journey of growth and innovation, signifying a strategic alignment of vision and execution between the two organizations,” stated Sheikh Tahnoon Bin Zayed Al Nahyan, Chairman of G42. This collaboration promotes greater global cooperation and synergy and is a monument to the shared values and ambitions for progress.

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Thursday, May 23, 2024

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