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September 17, 2024 at 8:44 AM. DUBAI (Reuters) - Microsoft and United Arab Emirates-based artificial intelligence company G42 will open two centres in Abu Dhabi to work on "responsible" AI ...
As part of the agreement, Microsoft's president, Brad Smith, will join G42's board of directors. The deal “was developed in close consultation with both the UAE and U.S. governments,” Microsoft said. Based in Abu Dhabi, G42 runs data centers in the Middle East and elsewhere and has increasingly identified itself as an AI firm.
Along with Microsoft, Abu Dhabi sovereign wealth fund Mubadala, the country's ruling family and U.S. private equity firm Silver Lake hold stakes in G42, whose chairman, Sheikh Tahnoon bin Zayed Al ...
In April, Microsoft announced that it would invest $1.5 billion in G42, the United Arab Emirates' leading AI company, one of many investments in AI startups and companies around the world ...
g42.ai. Group 42 Holding Ltd, doing business as G42, is an Emirati artificial intelligence (AI) development holding company based in Abu Dhabi, founded in 2018. The organization is focused on AI development across various industries including government, healthcare, finance, oil and gas, aviation, and hospitality.
June 24, 2024 at 9:39 AM. WASHINGTON (Reuters) - A Microsoft deal to invest $1.5 billion in G42 is "generally a positive development" because it forced the United Arab Emirates-based company to ...
Microsoft announced in April it was investing $1.5 billion in G42, while this week the two firms said they would open two centres in Abu Dhabi. Abu Dhabi-backed investment company MGX is also ...
The growing contact and Beijing’s influence in Abu Dhabi alarmed the US intelligence and other politicians. [58] In July 2024, Yousef Al Otaiba "personally intervened" to cancel the meetings between G42 and the US Congressional staffers, over concerns raised by the US lawmakers that the UAE could transfer advanced American AI technology to ...