Microsoft Corp. will invest $1.5 billion in G42, the UAE’s largest artificial intelligence company, furthering the Abu Dhabi-based company’s commitment to reduce its presence in China.
As part of this agreement, the president of Microsoft Brad Smith will join G42’s board of directors, and G42 will use the US software maker’s Azure cloud for its AI applications. The deal, an expansion of an existing partnership between the two companies, was developed in consultation with the UAE and US governments, Smith and G42 CEO. Peng Xiao said in an interview.
News Source : www.bloomberg.com
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