Microsoft invests $1.5B in Abu Dhabi-based AI startup G42 for a minority stake, after G42 severed ties with Chinese suppliers; Brad Smith will join G42's board
Agreement is latest move by US tech group to extend its reach into fast-growing sector — Microsoft has agreed to invest $1.5bn …
Financial Times
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Discussion
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@bradsmi
Brad Smith
on x
.@Microsoft's investment in @G42ai will enhance the UAE's position as a leading #AI hub and provide digital infrastructure and services to help underserved nations innovate and grow. We will combine world-class technology with world-leading standards for safe, trusted, and...
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@dinabass
Dina Bass
on x
G42, the UAE's top AI firm, will also rely on Microsoft's Azure cloud to host its AI workloads. The deal was made with significant consultation with the US and UAE governments. Abeer and I speak with @BradSmi and G42 CEO Peng Xiao about the deal.
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@omunderdal
Olav Mitchell Underdal
on x
Microsoft Makes High-Stakes Play in Tech Cold War With Emirati A.I. Deal - Microsoft plans to invest $1.5 billion in G42, an Emirati company with ties to China, as Washington and Beijing maneuver to secure tech influence in the Gulf. via @nytimes: https://www.nytimes.com/...
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@g42ai
@g42ai
on x
We are excited to announce a $1.5 billion investment from @Microsoft in G42, marking a significant step forward in our journey to lead in #AI innovation globally. [image]
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@g42ai
@g42ai
on x
This collaboration is poised to enhance the UAE's position as a global AI hub, providing further opportunities for our partners and customers to innovate and grow. Read more about this news here: https://www.g42.ai/... #G42 #G42ai #Exponentialai #ai #Technology
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@g42ai
@g42ai
on x
The strategic investment cements our longstanding partnership with Microsoft as we also welcome Brad Smith to our Board, reinforcing our shared commitment to pioneering safe and secure AI technologies.
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@dinabass
Dina Bass
on x
And how did that whole Microsoft and G42 come about? Well, its related to a secret deal betwee the US government and G42 in which the UAE's top AI firm agreed to divest from China https://www.bloomberg.com/... by @BenBartenstein @mackhawk @nwadhams and me
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@stuartlwallace
Stuart Wallace
on x
Microsoft's partnership with Abu Dhabi's G42 followed behind-the-scenes negotiations between the US government and the Middle Eastern firm, which agreed to divest from China and pivot to American technology. https://www.bloomberg.com/... via @BenBartenstein @mackhawk @nwadhams...