Microsoft announces $1.5 billion strategic investment in AI company G42

Odaily News According to official news, Microsoft announced a strategic investment of US$1.5 billion in artificial intelligence company G42. This investment will strengthen the cooperation between the two companies and bring Microsoft's artificial intelligence technology and skills program to the UAE and other countries in the world. The two companies will support the creation of a US$1 billion developer development fund to promote innovation and competitiveness in the UAE and the wider region. In addition, Brad Smith, Vice Chairman and President of Microsoft, will join the G42 board of directors.