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May 22, 2024
Egypt Bulletin
Business

Microsoft’s $1.5 billion boost drives G42 and AI partnership globally

In a move set to galvanize the landscape of artificial intelligence (AI) development, Microsoft has announced a hefty $1.5 billion investment in G42, the foremost AI technology holding company headquartered in the UAE.

Microsoft's $1.5 billion boost drives G42 and AI partnership globally

The strategic injection of funds aims to fortify the ongoing collaboration between the two tech giants, ushering in a new era of AI innovation not only in the UAE but across borders. As part of this enhanced partnership, Brad Smith, Vice Chair and President of Microsoft, will assume a pivotal role on the G42 Board of Directors.

This infusion of capital will facilitate the proliferation of cutting-edge Microsoft AI technologies and educational endeavors in the UAE and beyond. It underscores a mutual commitment to democratizing access to AI advancements while upholding stringent standards in safety and security.

Leveraging their established rapport in AI and digital transformation initiatives, Microsoft’s investment cements the symbiotic bond between the two entities. G42 is poised to leverage Microsoft Azure as the backbone for its AI applications and services, paving the way for the delivery of sophisticated AI solutions to global clientele, particularly in the public sector and corporate spheres.

Moreover, the collaboration between G42 and Microsoft is set to bridge the AI gap in regions spanning the Middle East, Central Asia, and Africa. By extending digital infrastructure and AI capabilities, underserved nations will gain access to vital services, all while safeguarding data privacy and security.

Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, hailed the partnership as a landmark moment in the company’s trajectory, affirming a shared vision for progress and innovation. This sentiment underscores a broader commitment to fostering global cooperation and synergy.

Notably, the alliance between Microsoft and G42 will catalyze the cultivation of a diverse AI talent pool, bolstering innovation and competitiveness in the UAE and surrounding regions. A substantial portion of the investment, totaling $1 billion, will be channeled into a development fund aimed at nurturing skilled AI developers.

Brad Smith, Microsoft Vice Chair and President, emphasized the collaborative ethos driving the partnership. Beyond fortifying AI infrastructure in the UAE, both companies are poised to extend their reach to underserved nations, epitomizing a fusion of cutting-edge technology and unwavering commitment to ethical AI standards.

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