Microsoft to invest $1.5billion in a UAE AI company to increase AI development and global expansion
Takeaway Points
- Microsoft to invest $1.5billion in a UAE AI company to increase AI development and global expansion
- Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors as part of the Partnership.
- Microsoft and G42 will invest $1B in a development fund for developers in the UAE and broader region to support the development of a skilled and diverse AI workforce and talent pool.
Microsoft partners with G42 to increase AI development.
In a blog on Monday, Microsoft announced that it is investing $1.5billion in G42, the leading United Arab Emirate-based artificial intelligence (AI) technology holding company. The aim of the investment is to increase the development of artificial intelligence and global expansion.
According to Microsoft, the investment will make the collaboration of the two companies stronger in bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries around the world. Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors as part of the partnership.
H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, said that the investment of Microsoft in their company marks an important moment in the company’s journey of growth.
“Microsoft’s investment in G42 marks a pivotal moment in our company’s journey of growth and innovation, signifying a strategic alignment of vision and execution between the two organizations. This partnership is a testament to the shared values and aspirations for progress, fostering greater cooperation and synergy globally,” AI Nahyan said.
Brad Smith, Microsoft Vice Chair and President, said that the two companies will work together to bring AI and digital infrastructure services to the UAE and other nations.
“Our two companies will work together not only in the UAE, but to bring AI and digital infrastructure and services to underserved nations. 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,” Smith said.
Benefits of the Partnership
The collaboration between the companies will allow organizations of all sizes in new markets to harness the benefits of AI and the cloud while making sure that they are adopting AI that sticks to world-leading standards in safety and security.
Under the 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 two companies will work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa, providing these nations with access to services to address important governmental and business concerns.
Microsoft and G42 will invest $1B in a development fund for developers in the UAE and broader region to support the development of a skilled and diverse AI workforce and talent pool.
Government Regulations on Security and Privacy
According to the report, Microsoft and G42 will work together to boost the security and compliance framework of their joint international infrastructure. Both companies will move forward with a commitment to comply with US and international trade, security, responsible AI, and business integrity laws and regulations. The work on these topics is governed by a detailed Intergovernmental Assurance Agreement (IGAA) between G42 and Microsoft that was developed in close consultation with both the UAE and US governments.
By partnering with a leading AI firm in the UAE, Microsoft aims to harness local expertise and leverage global resources to drive groundbreaking advancements in AI research and application. This investment not only bolsters the UAE’s position as a hub for technological innovation but also paves the way for transformative AI solutions that can address complex challenges across industries.
