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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 ...
DUBAI (Reuters) -Microsoft is investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a minority stake and a board seat, allowing the two to ...
In April, Microsoft announced a $1.5 billion investment in G42, an AI group based in Abu Dhabi, capital of the United Arab Emirates (UAE), and chaired by an influential member of the ruling royal ...
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.
Group 42 Holding Ltd. 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.
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 sever ties to China's Huawei, a White House ...
Government-owned companies of the United Arab Emirates [ edit] Aabar Investments. Abu Dhabi Investment Council. Abu Dhabi Ports Company. Abu Dhabi Terminals. Abu Dhabi National Oil Company. Arab Media Group. Arabian Television Network. Creative City.
EDGE Group ( Arabic: مجموعة إيدج) (Edge) is a United Arab Emirates (UAE) advanced technology and defence conglomerate comprising 25 companies involved in military and civilian products, and technologies. [5] [6] [7] Edge Headquarters Abu Dhabi, UAE. Edge is reported to be among the top 3 manufacturers and suppliers of precision guided ...