The extended partnership aims to deliver advanced AI solutions with Microsoft Azure across various industries across the Middle East, Central Asia, and Africa.
Microsoft is set to invest $1.5 billion in the UAE-based tech firm G42 for a minority stake and will join its board of directors, according to an official announcement.
In an update on its official blog, the US-based Microsoft said the expansion of the partnership between the two companies aims to deliver advanced AI solutions with Microsoft Azure across various industries and markets across the Middle East, Central Asia, and Africa.
According to the blog, Brad Smith, Microsoft Vice Chair and President, will join G42’s board of directors, with the deal “significantly advancing G42’s strategy of delivering generative AI and next-generation infrastructure and services across financial services, healthcare, energy, government, and education,” it said.
Abu Dhabi’s Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, said, “Microsoft’s investment in G42 marks a pivotal moment in our company’s journey of growth and innovation, signifying a strategic alignment of vision and execution between the two organisations. This partnership is a testament to the shared values and aspirations for progress, fostering greater cooperation and synergy globally.”
The Abu Dhabi-based artificial intelligence (AI) company G42 will also partner with Microsoft to support the establishment of a $1 billion fund for developers to boost AI skills in the UAE and the broader region.
