Microsoft Invests $1.5 Billion in UAE's G42 for AI Solutions, Skilling Initiatives and Global Collaboration
Microsoft, a leading tech company, will invest $1.5 billion in UAE-based AI technology firm G42.
This deal grants Microsoft a minority stake and allows Brad Smith, Microsoft's vice chair and president, to join G42's board of directors.
The collaboration aims to provide the latest AI solutions and skilling initiatives.
Microsoft Azure will be used by G42 to run AI applications, and they will partner to deliver advanced solutions to global clients.
Smith emphasized the importance of safe, trusted, and responsible AI, and the partnership will extend beyond the UAE to underserved nations.
Microsoft and G42, a technology investment firm based in Abu Dhabi, have announced a partnership to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa.
The collaboration aims to ensure equitable access to services and marks a significant moment in Microsoft's growth and innovation journey.
The partnership includes a $1 billion investment in a fund for developers to build a skilled and diverse AI workforce and foster innovation and competitiveness in the UAE and the region.
Tahnoon bin Zayed Al-Nahyan, chairman of G42, described the partnership as a strategic alignment of vision and execution between the two organizations and a testament to shared values and aspirations for progress.