Microsoft Invests $1.5 Billion in Abu Dhabi's AI Firm G42 for Enhanced Collaboration

Abu Dhabi, 16 April, 2024 : Microsoft has announced a $1.5 billion investment in G42, Abu Dhabi's leading AI-focused technology company. The strategic investment aims to bolster the collaboration between the two companies in advancing AI technologies and cloud solutions, not only within the UAE but also globally.

As part of the agreement, Brad Smith, Vice-Chair and President of Microsoft, will join the Board of Directors at G42. This move signifies Microsoft's commitment to deepening its partnership with G42 and furthering its presence in the region's growing AI sector.

The collaboration aims to leverage Microsoft's cutting-edge AI technologies and skilling initiatives to benefit organizations across various markets. This investment is expected to accelerate the adoption of AI and cloud solutions by empowering businesses of all sizes to harness the potential of these technologies.

Source : www.gulfnews.com