An exciting new strategic investment has been announced that will solidify the UAE’s position as a global hub for artificial intelligence (AI) technology. G42, a prominent UAE-based AI technology holding company, has joined forces with Microsoft in a $1.5 billion partnership. This collaboration will not only benefit the UAE but also provide new opportunities for innovation and growth to partners and customers worldwide.
Microsoft’s investment in G42 demonstrates a shared commitment to bringing cutting-edge AI technologies and skills initiatives to different markets. The partnership includes the appointment of Brad Smith, Microsoft’s Vice President and President, to G42’s board of directors. Together, the two companies will support the establishment of a billion-dollar fund dedicated to developers, fostering the growth of a skilled and diverse AI workforce.
One of the key aspects of this collaboration is the focus on ensuring the responsible sharing of secure AI technologies and cloud capabilities with growing economies globally. G42 and Microsoft have pledged to uphold the world’s highest standards for AI safety and security through an intergovernmental assurance agreement. This commitment reflects the dedication of both parties to promoting the safe, reliable, and responsible development and deployment of AI technologies.
The partnership between G42 and Microsoft will see the integration of Microsoft’s latest AI technologies with G42’s unique capabilities. By leveraging Microsoft Azure, G42 will run its AI applications and services, delivering advanced solutions to global public sector customers and large enterprises. This collaboration will extend access to advanced digital and AI infrastructure to countries in the Middle East, Central Asia, and Africa, ensuring equitable access to services while prioritizing security and confidentiality.
Both companies are dedicated to driving innovation and competitiveness in the UAE and the wider region, with a focus on promoting cooperation and synergy on a global scale. The partnership aims to introduce industry-leading technologies that will empower countries and markets to advance their digital agendas using cloud and AI solutions.
Overall, the strategic investment by Microsoft in G42 represents a significant milestone in the growth and innovation journey of both companies. By combining their strengths and resources, G42 and Microsoft are well-positioned to set new industry standards, advance AI technologies at scale, and create opportunities for economic growth and prosperity.
For more information about this groundbreaking partnership, visit http://www.g42.ai.
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