Microsoft Makes a $1.5 billion Shift from China to The UAE’s G42 Get Board Seat

Microsoft Makes a $1.5 billion Shift from China to The UAE’s G42 Get Board Seat

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.

Following secret talks between the US government and the Middle Eastern company, G42 committed to pull out of China and shift its focus to US technology. Leading the UAE’s push into AI, G42 had come under fire for suspected The investment will fortify the two businesses’ cooperation in delivering cutting-edge Microsoft AI technologies and skill-building programs to the United Arab Emirates and other nations globally. Brad Smith, Vice Chair and President of Microsoft will become a member of the G42 Board of Directors as part of this extended collaboration.

A comprehensive Intergovernmental Assurance Agreement between G42 and Microsoft, created in close collaboration with the governments of the United States and the United Arab Emirates, governs the work on these subjects.

In addition to leading G42, Sheikh Tahnoon bin Zayed Al Nahya is the UAE’s national security advisor. The government’s intervention follows months of investigation into G42’s ties to China. The chairman of the U.S. Select Committee on the Chinese Communist Party, House Representative Mike Gallagher, R-Wis., requested in January that the Commerce Department “closely examine” G42 to see whether it ought to be placed on a trade export blacklist.

Also Read:

US Envoy and Saudi Deputy Foreign Minister Talk about Fighting in Sudan. 

Independent Saudi musician travels a less-traveled path  

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *