"Microsoft's $1.5 Billion Investment Accelerates AI Development at Abu Dhabi's G42"

Microsoft has invested $1.5 billion in G42, an Abu Dhabi-based AI technology holding company, to accelerate AI development and global expansion. This strategic partnership aims to bring Microsoft's AI technologies and skilling initiatives to the UAE and other countries, while ensuring the adoption of AI adheres to world-leading standards in safety and security. The collaboration includes Microsoft's Vice Chair and President, Brad Smith, joining the G42 Board of Directors, as well as the establishment of a $1 billion fund for developers. Additionally, both companies have committed to an Intergovernmental Assurance Agreement to ensure the secure, trusted, and responsible development and deployment of AI.