Microsoft Invests $1.5 Billion in G42 as Top UAE AI Firm Pivots From China Bloomberg

Image for article Microsoft Invests $1.5 Billion in G42 as Top UAE AI Firm Pivots From China Bloomberg
News Source : Bloomberg

News Summary

  • The agreement follows behind-the-scenes negotiations between the US government and the Middle Eastern firm
  • G42, a leader in the UAE’s push into AI, had come under scrutiny for alleged ties to blacklisted Chinese companies and its government
  • The company agreed to divest from China and pivot to American technology
Microsoft Corp. will invest $1.5 billion in the United Arab Emirates top artificial intelligence firm, G42, bolstering the Abu Dhabibased companys commitment to scale back its presence in China.As [+364 chars]

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