Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser
Posted 4/16/24
REDMOND, Wash. (AP) — Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser.
Microsoft …
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Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser
FILE - The Microsoft logo is pictured outside the headquarters in Paris, on Jan. 8, 2021. Microsoft will stop packaging its Teams videoconferencing app with its Office software after the practice attracted antitrust scrutiny. The tech giant said Monday, April 1, 2024, that customers buying Office subscriptions starting this week won't get Teams bundled with the service. Microsoft will start selling the two products separately around the world, following a move last year to separate the products in Europe. (AP Photo/Thibault Camus, File)
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REDMOND, Wash. (AP) — Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser.
Microsoft and the technology holding company G42 announced the deal Tuesday. As part of the agreement, Microsoft's president, Brad Smith, will join G42's board of directors.
The deal “was developed in close consultation with both the UAE and U.S. governments,” Microsoft said.
Based in Abu Dhabi, G42 runs data centers in the Middle East and elsewhere and has increasingly identified itself as an AI firm. It has built what's considered the world’s leading Arabic-language AI model, known as Jais.
Microsoft said G42 will run its AI applications and services on the U.S. tech giant's cloud computing platform, and the two companies will work to bring digital infrastructure to countries where G42 has established a presence in the Middle East, Central Asia and Africa.
G42 has previously said it would cut ties to Chinese hardware suppliers over American concerns it was too close to the Chinese government.