Microsoft invests $1.5 billion in UAE's G42

Global tech giant Microsoft has announced a significant investment of $1.5 billion in the UAE-based artificial intelligence technology company G42. This strategic move aims to enhance the provision of cutting-edge AI solutions and skilling initiatives. As part of the agreement, Microsoft will acquire a minority stake in G42, with Brad Smith, Microsoft's vice chair and president, joining the board of directors of the Emirati firm.

G42 will leverage Microsoft Azure to power its AI applications and services, collaborating to deliver advanced solutions to global public sector clients and large enterprises. The partnership between the two companies will not only benefit the UAE but also extend to providing AI and digital infrastructure to underserved nations, focusing on maintaining high standards of safety, trust, and responsibility in AI deployment.

This collaboration will extend its reach to nations in the Middle East, Central Asia, and Africa, ensuring equitable access to services for addressing critical governmental and business needs while prioritizing security and privacy. The investment also includes a $1 billion fund for developers, aimed at nurturing a skilled and diverse AI workforce, fostering innovation, and enhancing competitiveness in the UAE and the broader region.

Tahnoon bin Zayed Al-Nahyan, chairman of G42, expressed that Microsoft's investment marks a significant milestone in the company's growth and innovation journey, highlighting a shared vision for progress and cooperation. Peng Xiao, group CEO of G42, emphasized that the partnership will elevate their international market presence, setting new industry standards for innovation and operational excellence.

In conclusion, this expanded collaboration between Microsoft and G42 signifies a major step towards empowering organizations of all sizes in new markets to leverage the benefits of AI and cloud technologies while ensuring adherence to world-leading standards in safety and security.