Microsoft Invests $1.5 Billion in UAE's G42, Will Get Board Seat [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
As part of the accord, Microsoft President Brad Smith will join G42's board, and G42 will use the US software maker's Azure cloud for its AI applications. The agreement, an expansion of an existing partnership between the two companies, was developed in consultation with the UAE and US governments, Smith and G42 Chief Executive Officer Peng Xiao said in an interview. “Microsoft got strong encouragement from the US government to move forward in this process,” Smith said. “That reflects a recognition by the US government of the importance of the relationship between the two countries and the importance of continuing to encourage responsible companies like G42 and Microsoft really be at the forefront, not only of the technology itself, but of world-leading security and safety and responsible AI standards.” G42, which has been a leader in the UAE's push into AI, has businesses spanning everything from cloud computing to driverless cars. It's part of the $1.5 trillion empire of UAE Na
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