Microsoft Boosts Global AI Drive with $1.5bn Investment in Abu Dhabi's G42
Summary:
Microsoft has invested $1.5 billion in Abu Dhabi-based AI tech holding company G42 to accelerate AI development globally. The tie-up will see G42 leverage Microsoft’s AI computing platform Azure for its AI applications and services. The partnership extends beyond the UAE, aiming to provide AI solutions to large enterprises and the global public sector. The investment also aims to boost skill development in the UAE for nurturing a diverse AI workforce. Microsoft's Vice Chair and President, Brad Smith is expected to join G42's board of directors. This comes as part of Microsoft's string of billion-dollar investments in AI infrastructure worldwide.
Microsoft has propelled its global AI ambitions further by injecting $1.5 billion into the AI technology firm G42, based in Abu Dhabi. Unveiled on April 16, this major investment aims to propel AI research and improve the availability of top-tier technology in the United Arab Emirates (UAE) and around the world. As part of this alliance, G42 will utilize Microsoft's AI-powered platform, Azure, for its services and applications. Not only is the partnership designed to reach beyond the UAE, it will also offer advanced AI solutions to big enterprises and the worldwide public sector. The investment is also expected to bolster workforce skill development in the UAE, contributing to a more diverse AI talent pool. H.H. Sheikh Tahnoon bin Zayed Al Nahyan, G42's chairman, dubbed the investment as a crucial turning point for the firm's evolution. Microsoft's Vice Chair and President, Brad Smith, emphasized that the partnership intends to focus on less fortunate regions worldwide. He will also reportedly join G42's board. Microsoft's latest investment in G42 comes after a series of significant AI investments in various countries globally. On February 15, Microsoft pledged to enhance AI infrastructure in Germany with a 3 billion euro investment over two years. Shortly thereafter, it promised a similar $2 billion investment to boost Spain's AI infrastructure. The company recently declared its intent to invest a significant, long-term amount in the UK. Meanwhile, other major AI players like OpenAI are also vying for investment deals, putting Microsoft, a key stakeholder in OpenAI, head-to-head with the competition.
Published At
4/16/2024 11:25:08 AM
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