Microsoft Invests $1.5 Billion in Abu Dhabi's G42 to Accelerate AI Development and Global Expansion

• This strategic investment will enhance the UAE's position as a global AI hub and provide further opportunities for partners and customers to innovate and grow.
• G42 and Microsoft will collaborate to ensure the benefits of secure AI technologies and cloud capabilities are responsibly shared with growing economies globally.
• Microsoft's Vice Chair and President Brad Smith will take a seat on the G42 Board.
• Both companies will support the establishment of a $1B fund for developers.
• The partnership includes a first of its kind Intergovernmental Assurance Agreement as both parties commit to world-leading standards in AI safety and security.

ABU DHABI, UAE and DALLAS, April 16, 2024 /PRNewswire/ -- G42, the leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft today announced a $1.5 billion strategic investment by Microsoft in G42. The investment will strengthen the two companies' collaboration 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. 

This expanded collaboration will empower organizations of all sizes in new markets to harness the benefits of AI and the cloud while ensuring they are adopting AI that adheres to world-leading standards in safety and security.

Building on the two organizations' long-standing collaboration in AI and digital transformation initiatives, Microsoft's investment deepens the reciprocal commitment to this strategic partnership. G42 will run its AI applications and services on Microsoft Azure and partner to deliver advanced AI solutions to global public sector clients and large enterprises. G42 and Microsoft will also work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa, providing these nations with equitable access to services to address important governmental and business concerns while ensuring the highest standards of security and privacy.