Microsoft (MSFT) Invests $1.5B in G42 to Enhance AI Adoption [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
This investment is set to strengthen the collaboration between the two companies in bringing MSFT's latest AI technologies and skilling initiatives to the UAE and other countries worldwide. As part of this expanded partnership, Brad Smith, Microsoft's vice chair and president, will join G42's board of directors. The collaboration aims to empower organizations of all sizes in new markets to harness the benefits of AI and cloud computing while adhering to world-leading standards in safety and security. G42 will run its AI applications and services on Microsoft Azure and partner to deliver advanced AI solutions to global public sector clients and large enterprises. The companies will also work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia and Africa, providing equitable access to services addressing important governmental and business concerns while ensuring the highest standards of security and privacy. The partnership will
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