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Stock impact report

What To Know About G42—The Emirati AI Giant That Just Got A $1.5 Billion Investment From Microsoft [Forbes]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: Forbes
high stakes investment in the sector and a sign of growing ties between Washington and Abu Dhabi as the U.S. fights to stay ahead of China in the race to control AI. Microsoft inked a deal with Emirati AI firm G42. G42 is a technology holding company and a giant in artificial intelligence, forming a crucial part of the UAE's plans to become a world leader in the field with a variety of companies in areas including biotechnology, surveillance, healthcare and data centers. The firm has strong connections in the region and is chaired by one of the most powerful members of Abu Dhabi's royal family and UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, as well as backed by Emirati sovereign wealth fund Mubadala. Since its founding in 2018, G42 has has partnerships with major firms such as OpenAI , Dell, IBM, Microsoft, Nvidia and Oracle, Cerebras, which is building G42 a super computer, pharma titan AstraZeneca, genetics giant Illumina and Mercedes. In recent month Show less Read more
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