According to official news, Microsoft announced a strategic investment of $1.5 billion in artificial intelligence company G42. This investment will strengthen the cooperation between the two companies and bring Microsoft's artificial intelligence technology and skills programs to the UAE and other countries in the world.
The two companies will support the creation of a $1 billion developer development fund to promote innovation and competitiveness in the UAE and the wider region. In addition, Microsoft Vice Chairman and President Brad Smith will join the G42 board of directors.