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 Israel Bahrain Iran Iraq Jordan Kuwait Lebanon Oman Palestine Qatar Saudi Arabia Syria Yemen India Texas United Arab Emirates Washington

This strategic investment will enhance the UAE's position as a global AI hub and provide further opportunities for partners and customers to innovate and grow.G42 and Microsoft will collaborate to ensure the benefits of secure AI technologies and cloud capabilities are responsibly shared with growing economies globally. Microsoft's Vice Chair and President Brad Smith will take a seat on the G42 Board.Both companies will support the establishment of a $1B fund for developers.The partnership includes a first of its kind Intergovernmental Assurance Agreement as both parties commit to world-leading standards in AI safety and security.View original content:https://www.prnewswire.co.uk/news-releases/microsoft-invests-1-5-billion-in-abu-dhabis-g42-to-accelerate-ai-development-and-global-expansion-302117591.html