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This strategic investment strengthens the UAE's position as a global AI hub. And we offer our partners and customers more opportunities to innovate and grow.
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G42 and Microsoft will work together to ensure that the benefits of secure AI technology and cloud capabilities are responsibly shared with the world's growing economies.
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Vice Chairman and President of Microsoft brad smith will be seated on the G42 Board.
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Both companies are 1 billion dollars Fund for developers.
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The partnership includes a first-of-its-kind government-to-government assurance agreement as both parties commit to world-leading standards in AI safety and security.
abu dhabi,United Arab Emirates, dallas, April 16, 2024 /CNW/ — G42, a leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft today announced that 1.5 billion dollars Microsoft's strategic investment in G42. This investment will strengthen our collaboration in bringing Microsoft's latest AI technology and skills development efforts to the UAE and the rest of the world.As part of this expanded partnership brad smithVice Chairman and President of Microsoft, will join the G42 Board of Directors.
This expanded collaboration will enable organizations of all sizes in new markets to leverage the benefits of AI and the cloud, ensuring they deploy AI in compliance with world-leading standards for safety and security.
Building on our organizations' long-standing collaboration on AI and digital transformation efforts, Microsoft's investment deepens our mutual commitment to this strategic partnership. G42 will run its AI applications and services on Microsoft Azure and partner with them to deliver advanced AI solutions to public sector customers and large enterprises worldwide. G42 and Microsoft will also work together to bring advanced AI and digital infrastructure to developed countries. middle east, Central Asiaand Africaprovides these countries with fair access to services that address important government and business concerns while ensuring the highest standards of security and privacy.
His Highness Sheikh Tahnoun Bin Zayed Al NahyanG42 Chairmansays: “Microsoft's investment in G42 marks a pivotal moment in our company's growth and innovation journey and represents a strategic alignment of vision and execution between both organizations. It is a testament to the vision and desire for progress and fosters greater development.'' Cooperation and synergy on a global scale. ”
The partnership will also support the development of a skilled and diverse AI workforce and talent pool, driving innovation and competitiveness in the UAE and wider region. 1 billion dollars With development funds for developers.
“Our two companies will work together to bring AI and digital infrastructure and services to underserved countries, not just the UAE,” he said. brad smithMicrosoft Vice Chairman and President. “We will continue to work closely with the UAE and our governments to combine world-class technology and world-leading standards for safe, reliable and responsible AI. US. ”
This commercial partnership is underpinned by assurances to both governments, through a first-of-its-kind agreement, that world-class best practices will be applied to ensure the safe, reliable and responsible development and deployment of AI. Microsoft and G42 will work closely together to strengthen the security and compliance framework of our joint international infrastructure. The companies will continue to advance their commitment to comply with U.S. and international trade, security, responsible AI, and business integrity laws and regulations. Our work on these topics is governed by a detailed Intergovernmental Assurance Agreement (IGAA) between the G42 and Microsoft, developed in close consultation with both the UAE and US governments.
Peng XiaoG42 Group CEO, “Through Microsoft's strategic investment, we are advancing our mission to deliver cutting-edge AI technology at scale. This partnership combines G42's unique AI capabilities with Microsoft's robust global infrastructure. This will significantly strengthen our presence in the international market. Together we will not only expand our business, but also set new industry standards for innovation. Setting. ”
Samer Abu LutaifMicrosoft Corporate Vice President and President, Central and eastern europe, middle east and Africa, He added: “Our investment in G42 is a testament to the thriving and dynamic technology industry in the UAE and the wider region. This strategic partnership will create opportunities for our customers and partners and accelerate innovation. , is well-positioned to foster economic growth,” he added. G42 leverages the power of cloud and AI to deploy cutting-edge technology that enables countries and markets to advance their digital agendas. ”
The collaboration between G42 and Microsoft has grown through several milestones over the last year. This includes the joint plan announced in . April 2023 Leverage Microsoft's extensive partner ecosystem and cloud capabilities to develop tailored AI solutions for public sector and industry.in September 2023, the two companies signed an agreement to collaborate to introduce a sovereign cloud offering and unlock the potential of advanced AI capabilities on the Azure public cloud platform. lastly, November 2023Microsoft announced that G42's Jais Arabic large-scale language model is now available in the new Azure AI Cloud Model-as-a-Service offering.
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of intelligent cloud and intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
About G42
G42 is a technology holding group and a global leader in developing visionary artificial intelligence for a better tomorrow.was born in abu dhabi Operating around the world, G42 champions AI as a powerful force for the benefit of the entire industry. From molecular biology to space exploration and everything in between, G42 is enabling breakthrough possibilities today.
If you would like to know more, please click here www.g42.ai
media contact
For Microsoft
Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777
rapidresponse@we-worldwide.com
For G42
Ulviyya Hasanzade, G42 Corporate Communications Director
ulviyya.hasanzade@g42.ai
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Source G42
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