Microsoft's $1.5B check for G42 shows growing US-China rift [TechCrunch]
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NASDAQ:AMEX Investor Relations:
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Source: TechCrunch
On Monday evening, Microsoft announced a $1.5 billion strategic investment in G42, the Abu Dhabi-based company that has become a major force in the United Arab Emirates' ambition to be a global leader in artificial intelligence. The minority stake will give Brad Smith, Microsoft's vice chair and president, a seat on G42's board of directors. The deal signifies much more than a mere commercial collaboration between two AI titans. It serves as evidence of the two countries' strategic positioning amid rising geopolitical tensions. The funding comes amid U.S. politicians' escalating concerns over G42's ties with China. In January, the bipartisan-select House Select Committee on the Chinese Communist Party sent a letter to Commerce Secretary Gina Raimondo calling for the inclusion of G42 on the Entity List, which would bar the Emirati company from accessing sensitive U.S. technologies. Such a move would put G42 under the same security concerns umbrella as Huawei, which was placed on
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