G42, a UAE-Based Artificial Intelligence Technology Company, Receives USD 1.5 Billion Investment from Microsoft

Microsoft has made a significant investment in the UAE-based artificial intelligence technology company, G42, to the tune of $1.5 billion. This partnership aims to bring the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries worldwide. As part of the deal, a $1 billion fund for developers will also be established.

Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors, further solidifying the collaboration between the two companies. H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, expressed his excitement about the partnership, highlighting the shared values and aspirations for progress.

The collaboration between G42 and Microsoft will not only benefit the UAE but also extend to countries in the Middle East, Central Asia, and Africa. The focus will be on bringing advanced AI and digital infrastructure to underserved nations, promoting innovation and development in these regions.

Smith emphasized the importance of combining world-class technology with safe, trusted, and responsible AI standards. He mentioned that the partnership will work closely with the governments of both the UAE and the US to ensure the ethical and responsible use of AI technology.

Overall, this investment by Microsoft in G42 signifies a step towards global cooperation and synergy in the field of artificial intelligence, with a focus on driving innovation and progress in underserved regions.