Microsoft Invests $15 Billion in AI Firm G42 Overseen by UAE Leader

Microsoft has announced a significant investment of $15 billion in G42, an artificial intelligence firm based in the United Arab Emirates and overseen by the country’s leader. This strategic partnership aims to accelerate the development and deployment of AI solutions across various sectors, including energy, healthcare, and finance. G42 has been at the forefront of AI research and development, leveraging advanced technologies like machine learning and computer vision. The collaboration will combine Microsoft’s cloud computing capabilities with G42’s AI expertise to create innovative solutions that address real-world challenges. Both companies will jointly pursue opportunities in the UAE and beyond, fostering economic growth and technological advancements. The deal underscores Microsoft’s commitment to expanding its AI footprint globally and G42’s ambition to establish itself as a leading AI player on the international stage.

Source: https://abcnews.go.com/Technology/wireStory/microsoft-invests-15-billion-ai-firm-g42-overseen-109310521