Microsoft announces plans to invest $1.5 billion in AI firm G42 for responsible AI development
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Expanding its artificial intelligence (AI) push, Microsoft has announced that it will be investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a minority stake and a board seat, allowing the two to deepen ties amid the global battle for tech dominance. AI has become the buzzword of the last few years, with companies around the world competing to leverage this technology.
As part of the deal, which the two companies said was backed by assurances to the U.S. and UAE governments over security, G42 would use Microsoft cloud services to run its AI applications, according to Reuters.AI partnershipThe partnership comes amid Washington's efforts to hobble Beijing's technological advances, with the United States adding four Chinese co...