Abu Dhabi AI giant G42 considers selling majority stake to US firms to secure chip supply

Odaily News, according to insiders, executives of Abu Dhabi-based AI company G42 have recently held exploratory discussions on selling a majority stake in the company to American enterprises, aiming to ensure continued access to high-end AI chip supplies beyond next year.

Sources state that G42 is seeking to further secure its access to advanced AI chips by bringing in American capital and partners. Should a deal ultimately be reached, it would bring significant equity restructuring to the AI company, which is led by a key member of the UAE royal family and was established approximately eight years ago. (Bloomberg)