Microsoft Injects $1.5 Billion into G42 for AI Advancement
G42, a UAE-based AI technology holding company, has secured a substantial $1.5 billion investment from Microsoft, in a move set to accelerate AI development and global expansion.
This strategic collaboration aims to bring Microsoft’s latest AI technologies and skilling initiatives to the UAE and beyond, reinforcing their commitment to advancing AI adoption while upholding safety and security standards. Brad Smith, Microsoft’s Vice Chair and President, will also join the G42 Board of Directors as part of this partnership.
The investment will empower organizations worldwide to leverage AI and cloud technologies effectively, with G42 running its AI applications and services on Microsoft Azure. Together, they plan to deliver advanced AI solutions to global public sector clients and large enterprises.
Beyond business expansion, G42 and Microsoft are committed to extending advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa, ensuring equitable access while prioritizing security and privacy.
H.H. 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 partnership will also support the development of a skilled and diverse AI workforce and talent pool that will drive innovation and competitiveness for the UAE and broader region with the investment of $1B in a development fund for developers.
“Our two companies will work together not only in the UAE, but to bring AI and digital infrastructure and services to underserved nations,” said Brad Smith, Microsoft Vice Chair and President. “We will combine world-class technology with world-leading standards for safe, trusted, and responsible AI, in close coordination with the governments of both the UAE and the United States.”
