G42, the foremost artificial intelligence (AI) technology holding company based in the UAE, and Microsoft have unveiled a strategic investment of $1.5B by Microsoft in G42.
This investment will bolster the collaborative efforts of the two companies in introducing the latest Microsoft AI technologies and skill development initiatives to the UAE and various other countries worldwide. As part of this extended partnership, Brad Smith, Vice Chair and President of Microsoft, will assume a position on the G42 Board of Directors.
Through this expanded collaboration, organisations of varying sizes in emerging markets will be empowered to leverage the advantages of AI and cloud computing, while ensuring adherence to globally recognised safety and security standards.
Building upon their longstanding partnership in AI and digital transformation ventures, Microsoft’s investment reinforces the mutual commitment to this strategic collaboration. G42 will utilise Microsoft Azure to operate its AI applications and services, collaborating to deliver sophisticated AI solutions to global public sector clients and major enterprises.
Additionally, G42 and Microsoft will collaborate to introduce advanced AI and digital infrastructure to nations in the Middle East, Central Asia, and Africa, offering equitable access to services to address critical governmental and business needs, all while upholding the highest standards of security and privacy.
H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, stated, “Microsoft’s investment in G42 signifies a significant milestone in our company’s journey of growth and innovation, underscoring a strategic alignment of vision and execution between our two organisations. This partnership reflects shared values and aspirations for progress, fostering enhanced cooperation and synergy on a global scale.”
Furthermore, the partnership aims to support the development of a skilled and diverse AI workforce and talent pool, driving innovation and competitiveness for the UAE and the broader region, with a $1B investment in a development fund for developers.
Brad Smith, Microsoft Vice Chair and President, commented, “Our collaboration will extend beyond the UAE to bring AI and digital infrastructure and services to underserved nations. We will integrate top-tier technology with world-leading standards for secure, trusted, and responsible AI, working closely with the governments of both the UAE and the United States.”
