Abu Dhabi, G42, the leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft today announced a $1.5 billion strategic investment by Microsoft in G42.
The investment will strengthen the two companies’ collaboration in bringing the latest Microsoft AI technologies and training initiatives to the UAE and other countries around the world. As part of this expanded partnership, Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors, WAM reported.
This expanded collaboration will empower organisations of all sizes in new markets to harness the benefits of AI and the cloud while ensuring they are adopting AI that adheres to world-leading standards in safety and security.
Building on the two organisations’ long-standing collaboration in AI and digital transformation initiatives, Microsoft’s investment deepens the reciprocal commitment to this strategic partnership. G42 will run its AI applications and services on Microsoft Azure and partner to deliver
advanced AI solutions to global public sector clients and large enterprises.
The partnership will also support the development of a skilled and diverse AI workforce and talent pool that will drive innovation and competitiveness for the UAE and the broader region with the investment of $1B in a development fund for developers.
G42 and Microsoft will also work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa, providing these nations with equitable access to services to address important governmental and business concerns while ensuring the highest standards of security and privacy.
Source: Bahrain News Agency