UAE AI Firm G42 Receives Microsoft Fund Of $1.5 Billion

UAE AI firm G42 receives Microsoft fund of $1.5 billion. G42 shared the news on its official X handle to make a significant step forward to lead in AI innovation globally.

Therefore, let’s learn about the investment and the firm and whether this is the first collaboration between the two tech giants of their respective nations.

A Brief Overview About the Group 42

Founded in 2018 in Abu Dhabi, the UAE-based G42 Holding Ltd works on AI research and development processes for big data and machine learning. As of 2024, it divests its stakes in China.

The controlling shareholder and chairperson is Tahnoun bin Zayed Al Nahyan. Moreover, Peng Xiao is the Chief Executive Officer.

G42 Receives Microsoft Fund

On April 16, 2024, Microsoft announced to invest a staggering $1.5 billion in Abu Dhabi’s G42. The strategic investment from Microsoft and the partnership will assist G42 in its global expansion. Likewise, it will strengthen the UAE’s position as a global technological hub.

The collaboration marks the creation of a billion-dollar fund to support and assist developers in increasing the Middle East’s technology talent pool.

G42 Receives Microsoft Fund. Image Credit: Social Media.

Microsoft’s investment in G42 Holding is a watershed point in the company’s journey of growth and innovation, indicating a strategic convergence of vision and execution between the two organizations.

The organization will also focus on providing AI infrastructure and skills to neglected countries as part of the move. Further, Brad Smith, vice chairman and president of Microsoft, will join G42’s board of directors.

Similarly, talking about investments, why don’t you check out Bitkraft Ventures Raises $275 Million?

Is this the First Collaboration Between the Two Companies?

No, the two tech giants have been partnering for some time now. The recent funding extends G42’s long-standing cooperation with Microsoft.

In April last year, the firms announced a goal to create AI solutions for the public and industrial sectors.

The ‘G42 receives Microsoft fund‘ is a trending tech topic worldwide. Still, in September 2023, the two companies agreed to introduce sovereign cloud offerings with advanced AI power.

Furthermore, in November, Microsoft announced the availability of G42’s Jais Arabic large language model for its new Azure cloud services.