Microsoft Becomes a Partner in UAE Artificial Intelligence Company G42

Microsoft will invest $1.5 billion in the United Arab Emirates-based artificial intelligence company G42. With this investment, Microsoft will gain a seat on the company’s board of directors and become its partner.

Recently, the USA and US companies have been making many moves to stop the progress of their Chinese competitors. One of these moves came from Microsoft, and the technology giant acquired G42 artificial intelligence intelligence company based in the United Arab Emirates. 1.5 billion dollars announced that he would invest. Following this investment, Microsoft also gained the right to take a seat on the company’s board of directors.

According to the terms of the agreement, G42 will offer artificial intelligence applications and services through Microsoft’s Azure services. G42, which serves many private sector organizations and large organizations, will thus have access to Microsoft technologies. speaking on the subject Microsoft President Brad Smith, “In close coordination with both the UAE and US governments, we will bring together world-class technology with world-leading standards for safe, reliable and responsible AI.” he said.

G42 will be free from Chinese technologies

As the common goal of the two companies advanced artificial intelligence And digital infrastructure It includes taking it to the Middle East, Central Asia and Africa. On the other hand, it is noteworthy that this agreement came after Washington’s efforts to stop Beijing’s technological breakthrough. Finally, because 4 more Chinese companies are trying to provide chips to the Chinese army to the banned list was taken.

After the agreement, G42 began to diversify its investments in China. On the other hand, due to security concerns of US officials, the company on the hardware side It will give up all Chinese-origin equipment it uses. Microsoft will provide a $1 billion resource for G42 to support this process.

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Source :
https://finance.yahoo.com/news/microsoft-invest-1-5-billion-043737224.html


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