- This strategic funding will improve the UAE’s place as a worldwide AI hub and supply additional alternatives for companions and prospects to innovate and develop.
- G42 and Microsoft will collaborate to make sure the advantages of safe AI applied sciences and cloud capabilities are responsibly shared with rising economies globally.
- Microsoft’s Vice Chair and President Brad Smith will sit down on the G42 Board.
- Each firms will assist the institution of a $1B fund for builders.
- The partnership features a first of its variety Intergovernmental Assurance Settlement as each events decide to world-leading requirements in AI security and safety.
ABU DHABI, UAE, April 16, 2024 – G42, the main UAE-based synthetic intelligence (AI) know-how holding firm, and Microsoft Corp. at this time introduced a $1.5 billion strategic funding by Microsoft in G42. The funding will strengthen the 2 firms’ collaboration on bringing the most recent Microsoft AI applied sciences and skilling initiatives to the UAE and different nations world wide. As a part of this expanded partnership Brad Smith, Vice Chair and President of Microsoft, will be a part of the G42 Board of Administrators.
This expanded collaboration will empower organizations of all sizes in new markets to harness the advantages of AI and the cloud whereas making certain they’re adopting AI that adheres to world-leading requirements in security and safety.
Constructing on the 2 organizations’ long-standing collaboration in AI and digital transformation initiatives, Microsoft’s funding deepens the reciprocal dedication to this strategic partnership. G42 will run its AI functions and providers on Microsoft Azure and accomplice to ship superior AI options to international public sector shoppers and enormous enterprises. G42 and Microsoft will even work collectively to carry superior AI and digital infrastructure to nations within the Center East, Central Asia, and Africa, offering these nations with equitable entry to providers to handle vital governmental and enterprise issues whereas making certain the best requirements of safety and privateness.
H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, stated: “Microsoft’s funding in G42 marks a pivotal second in our firm’s journey of development and innovation, signifying a strategic alignment of imaginative and prescient and execution between the 2 organizations. This partnership is a testomony to the shared values and aspirations for progress, fostering larger cooperation and synergy globally.”
The partnership will even assist the event of a talented and various AI workforce and expertise pool that can drive innovation and competitiveness for the UAE and broader area with the funding of $1B in a improvement fund for builders.
“Our two firms will work collectively not solely within the UAE, however to carry AI and digital infrastructure and providers to underserved nations,” stated Brad Smith, Microsoft Vice Chair and President. “We’ll mix world-class know-how with world-leading requirements for secure, trusted, and accountable AI, in shut coordination with the governments of each the UAE and america.”
The industrial partnership is backed by assurances to each governments by means of a primary of its variety settlement to use world-class greatest practices to make sure the safe, trusted, and accountable improvement and deployment of AI. Microsoft and G42 will work intently and elevate the safety and compliance framework of their joint worldwide infrastructure. Each firms will transfer ahead with a dedication to adjust to US and worldwide commerce, safety, accountable AI, and enterprise integrity legal guidelines and laws. The work on these subjects is ruled by an in depth Intergovernmental Assurance Settlement (IGAA) between G42 and Microsoft that was developed in shut session with each the UAE and US governments.
Peng Xiao, Group Chief Government Officer of G42, stated: “Via Microsoft’s strategic funding, we’re advancing our mission to ship cutting-edge AI applied sciences at scale. This partnership considerably enhances our worldwide market presence, combining G42’s distinctive AI capabilities with Microsoft’s strong international infrastructure. Collectively, we’re not solely increasing our operational horizons but in addition setting new trade requirements for innovation.”
Samer Abu-Ltaif, Microsoft Company Vice President and President, Central and Japanese Europe, Center East and Africa, added: “Our funding in G42 stands as a testomony to the thriving and dynamic tech panorama within the UAE and the broader area. This strategic partnership is well-positioned to ignite alternatives for our prospects and companions, speed up innovation, and gas financial development. With G42, we are going to introduce cutting-edge applied sciences that can empower nations and markets to advance their digital agendas by harnessing the facility of Cloud and AI.”
The collaboration between G42 and Microsoft has expanded by means of a number of milestones over the previous yr. This features a joint plan introduced in April 2023 to develop AI options tailor-made for the general public sector and trade, leveraging Microsoft’s in depth accomplice ecosystem and cloud capabilities. In September 2023, the businesses entered into an settlement to introduce sovereign cloud choices and collaborate on unlocking the potential of superior AI capabilities on the Azure public cloud platform. Lastly, in November 2023, Microsoft introduced the provision of G42’s Jais Arabic Massive Language Mannequin on the brand new Azure AI Cloud Mannequin-as-a-Service providing.
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About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) permits digital transformation for the period of an clever cloud and an clever edge. Its mission is to empower each individual and each group on the planet to realize extra.
About G42
G42 is a know-how holding group, a worldwide chief in creating visionary synthetic intelligence for a greater tomorrow. Born in Abu Dhabi and working worldwide, G42 champions AI as a robust power for good throughout industries. From molecular biology to house exploration and every part in between, G42 realizes exponential potentialities, at this time.
To know extra go to www.g42.ai
For extra data, press solely:
Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, rapidresponse@we-worldwide.com
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