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Microsoft Invests $1.5 Billion in UAE’s G42, Will Get Board Seat

Microsoft Invests .5 Billion in UAE’s G42, Will Get Board Seat
April 16, 2024



Microsoft Corp. will make investments $1.5 billion within the United Arab Emirates’ most sensible synthetic intelligence company, G42, bolstering the Abu Dhabi-based corporate’s dedication to reduce its presence in China.As a part of the accord, Microsoft President Brad Smith will sign up for G42’s board, and G42 will use the United States tool maker’s Azure cloud for its AI programs. The settlement, a diffusion of an current partnership between the 2 firms, was once evolved in session with the UAE and US governments, Smith and G42 Leader Government Officer Peng Xiao mentioned in an interview.

OpenAI
Author: OpenAI

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