Microsoft invests $1.5 billion in AI company

Microsoft intends to invest $1.5 billion in G42, an artificial intelligence company in the UAE.

This investment aims to enhance cooperation between the two companies to introduce Microsoft’s latest artificial intelligence technologies and skills development initiatives to the UAE and the rest of the world.

As part of this expanded partnership, Brad Smith, Vice Chairman and President of Microsoft, will join the G42 Board of Directors.

This expanded collaboration will enable organizations of all sizes in new markets to exploit the benefits of artificial intelligence and cloud technologies, while emphasizing their commitment to leading global standards for safety and security.

G42 will use the Microsoft Azure platform to power AI applications and services, and will collaborate with Microsoft to deliver advanced AI solutions to customers in the global public sector and major enterprises.

In addition, G42 and Microsoft will work together to bring digital infrastructure and advanced artificial intelligence to countries in the Middle East, Central Asia, and Africa, providing these countries with equitable access to services to address key government and business issues, while maintaining the highest standards of security and privacy.

Tahnoun bin Zayed Al Nahyan, Chairman of the Board of Directors of G42, said: “Microsoft’s investment in G42 is a defining moment in our company’s journey towards growth and innovation, and demonstrates strategic alignment in visions and implementation between the two organizations. This partnership embodies our shared values and ambitions for progress, and enhances cooperation and synergy at the global level.”