Microsoft Makes $1.5 Billion Investment in Leading UAE Technology Firm from fsa certificate in securities Watch Video

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✓ Published: 17-Apr-2024

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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.