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Microsoft to invest $1.5 bn in UAE-based AI firm G

Microsoft to invest $1.5 bn in UAE-based AI firm G42, takes minority stake G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid US concerns over its relationship with Chinese businesses Microsoft will invest $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the US tech giant a minority stake and a seat on the board, the companies said in a statement on Tuesday. Under the partnership, G42 will run its AI applications and services on Microsoft's cloud computing platform Azure to deliver advanced AI solutions to global public sector clients and large enterprises. Microsoft President Brad Smith, who will take a seat on G42's board, said "We will combine world-class technology with world-leading standards for safe, trusted, and responsible AI, in close coordination with the governments of both the UAE and the United States." ©SHIRSENDU KARMAKAR #Microsoft
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