Microsoft Invests $1.5 Billion in Abu Dhabi’s G42 to Accelerate AI Development and Global Expansion

Microsoft Invests $1.5 Billion in Abu Dhabi’s G42 to Accelerate AI Development and Global Expansion 

G42, the prominent UAE-based artificial intelligence (AI) technology holding company, and Microsoft have announced a strategic investment of $1.5 billion by Microsoft in G42.

Source: WAM

This investment aims to enhance the collaboration between the two companies in bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other global markets. As part of this extended partnership, Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors.

The collaboration will empower organisations of all sizes in emerging markets to leverage AI and cloud computing benefits while ensuring adherence to world-leading standards in safety and security.

Drawing from their longstanding collaboration in AI and digital transformation initiatives, Microsoft’s investment reinforces the mutual commitment to this strategic partnership. G42 will deploy its AI applications and services on Microsoft Azure and collaborate to deliver advanced AI solutions to global public sector clients and large enterprises.

G42 and Microsoft will jointly promote advanced AI and digital infrastructure across countries in the Middle East, Central Asia, and Africa, providing equitable access to services for addressing governmental and business concerns, with a focus on maintaining high standards of security and privacy.

H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, remarked, “Microsoft’s investment in G42 marks a pivotal moment in our company's journey of growth and innovation, reflecting a strategic alignment of vision and execution between the two organisations. This partnership underscores shared values and aspirations for progress, fostering greater cooperation and synergy globally.”

Moreover, the partnership will contribute to developing a skilled and diverse AI workforce and talent pool, driving innovation and competitiveness for the UAE and the broader region, with a $1 billion investment in a development fund for developers.

"Our collaboration extends beyond the UAE to bring AI and digital infrastructure and services to underserved nations,” said Brad Smith, Microsoft Vice Chair and President. "We will merge world-class technology with leading standards for safe, trusted, and responsible AI, in close coordination with the governments of both the UAE and the United States."

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