Brad Smith Vice Chair and President at Microsoft | Official website
G42, the leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft Corp. today announced a $1.5 billion strategic investment by Microsoft in G42. The investment will strengthen the collaboration between the two companies on bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries around the world. As part of this expanded partnership, Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors.
H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, expressed, "Microsoft’s investment in G42 marks a pivotal moment in our company’s journey of growth and innovation, signifying a strategic alignment of vision and execution between the two organizations. This partnership is a testament to the shared values and aspirations for progress, fostering greater cooperation and synergy globally."
Microsoft Vice Chair and President Brad Smith also stated, "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."
Peng Xiao, Group Chief Executive Officer of G42, highlighted, "Through Microsoft’s strategic investment, we are advancing our mission to deliver cutting-edge AI technologies at scale. This partnership significantly enhances our international market presence, combining G42’s unique AI capabilities with Microsoft’s robust global infrastructure."
Samer Abu-Ltaif, Microsoft Corporate Vice President and President, Central and Eastern Europe, Middle East and Africa, added, "Our investment in G42 stands as a testament to the thriving and dynamic tech landscape in the UAE and the broader region. This strategic partnership is well-positioned to ignite opportunities for our customers and partners, accelerate innovation, and fuel economic growth."
The collaboration between G42 and Microsoft has progressed through various milestones over the past year, culminating in this significant investment. The partnership includes a first-of-its-kind Intergovernmental Assurance Agreement committing both parties to world-leading standards in AI safety and security.
The strategic investment aims to advance AI development, promote global expansion, and ensure the responsible deployment of AI technologies, ultimately fostering innovation and growth in the tech industry.
