Announced
Completed
Financials
Sources
Tags
United Arab Emirates
cloud computing
Acquisition
Minority
Private
artificial intelligence
AI technologies
Completed
Software
Cross Border
Friendly
Single Bidder
Synopsis
Microsoft, a software corporation, completed the $1.5bn investment in G42, a UAE-based artificial intelligence technology holding company. “Our two companies will work together not only in the UAE, but to bring AI and digital infrastructure and services to underserved nations. 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,” Brad Smith, Microsoft Vice Chair and President.
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