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Microsoft Makes $1.5 Billion Investment in Leading UAE Technology Firm

2024-04-16 71 Dailymotion

Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.<br />Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.<br />'The Independent' reports that Microsoft has announced <br />a $1.5 billion investment in a leading United Arab <br />Emirates-based artificial intelligence firm. .<br />'The Independent' reports that Microsoft has announced <br />a $1.5 billion investment in a leading United Arab <br />Emirates-based artificial intelligence firm. .<br />The deal, overseen by the UAE's powerful national security <br />adviser, will see Microsoft president Brad Smith join <br />technology holding company G42's board of directors.<br />The deal, overseen by the UAE's powerful national security <br />adviser, will see Microsoft president Brad Smith join <br />technology holding company G42's board of directors.<br />The UAE's national security adviser, <br />Sheikh Tahnoon bin Zayed Al Nahyan, is the <br />current chairman of G42's board of directors. .<br />In a statement released on April 16, Microsoft <br />said the deal “was developed in close consultation <br />with both the UAE and U.S. governments.”.<br />In a statement released on April 16, Microsoft <br />said the deal “was developed in close consultation <br />with both the UAE and U.S. governments.”.<br />G42, which runs data centers in the Middle East <br />and elsewhere, has built the world's leading <br />Arabic-language AI model, Jais. .<br />According to Microsoft, G42 will move its <br />AI applications and services over to the U.S. <br />tech giant's cloud computing platform. .<br />According to Microsoft, G42 will move its <br />AI applications and services over to the U.S. <br />tech giant's cloud computing platform. .<br />The deal will also look to bring digital infrastructure <br />to regions that G42 has already established <br />a presence, including the Middle East and Africa.<br />'The Independent' reports that G42 previously cut ties with <br />Chinese hardware suppliers to limit U.S. concerns that <br />the company was closely tied to the Chinese government.<br />'The Independent' reports that G42 previously cut ties with <br />Chinese hardware suppliers to limit U.S. concerns that <br />the company was closely tied to the Chinese government.<br />Prior to Microsoft's investment, the company <br />reportedly faced allegations of spying for its <br />connection to a mobile phone app identified as spyware.<br />The tech company also faced accusations <br />that it gathered genetic material from <br />U.S. users for the Chinese government. .<br />The tech company also faced accusations <br />that it gathered genetic material from <br />U.S. users for the Chinese government.

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