Microsoft Corp. has agreed to invest $1.5 billion in G42, the leading artificial intelligence startup in the United Arab Emirates. G42, based in Abu Dhabi, reached an uncommon agreement with the US government to discontinue its collaboration with China.
With a $1 billion investment in a development fund for developers, the partnership will also assist the creation of a talented and diverse AI workforce, driving innovation and competitiveness for the UAE and the wider region. Brad Smith, Vice Chair and President of Microsoft, stated, “Our two companies will work together not only in the UAE but to bring AI and digital infrastructure and services to underserved nations.” In close collaboration with global leaders in the safe, dependable, and responsible AI field, we will pair cutting-edge technology with coordination with the governments of both the UAE and the United States.
A comprehensive intergovernmental Assurance Agreement between Microsoft and G42 oversees the work on these subjects. The agreement was created after careful consideration by the governments of the United States and the United Arab Emirates.
The UAE’s national security advisor is also G42 Chairman Sheikh Tahnoon bin Zayed Al Nahya. Following months of investigation into G42’s ties to China, the authorities finally became involved. House Representative Mike Gallagher, R-Wis., the head of the U.S. Select Committee on the Chinese Communist Party, requested in January that the Commerce Department “closely examine” G42 to determine if it ought to be placed on a trade export blacklist.
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