
Microsoft Invests $1.5B in Abu Dhabi's AI Firm G42, Gains Board Seat Amid US-China Tech Tussle
Microsoft has announced a significant investment of $1.5 billion in G42, an artificial intelligence firm based in Abu Dhabi, UAE. This strategic investment grants Microsoft a minority stake and a board seat, represented by Microsoft President Brad Smith. The investment follows negotiations between the U.S. government and G42, which agreed to divest from Chinese technology and align more closely with American tech, including severing ties with Chinese suppliers. This move is seen as an effort by the U.S. to counter China's influence in the global tech landscape.
Sources
Crunchbase NewsMicrosoft announced a $1.5B strategic investment in United Arab Emirates-based artificial intelligence firm G42 — the biggest new round to go to an AI startup this year. https://t.co/KjGopmAycp
Toronto SunMicrosoft invests $1.5 billion in AI firm G42, overseen by UAE’s national security adviser https://t.co/KdgKFhY7wh https://t.co/64CQBElSaU
Network WorldMicrosoft expands G42 partnership with $1.5 billion investment https://t.co/TqAPALAs8s
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