Smart Money
Microsoft to invest $1.5 billion in Abu Dhabi’s G42
The deal gives Microsoft a minority stake in the artificial intelligence firm chaired by Sheikh Tahnoon bin Zayed
Sheikh Tahnoon bin Zayed with Microsoft's Brad Smith and G42 CEO and Vice Chair of Microsoft, and G42 CEO Peng Xiao at $1.5 billion deal signing in April (Emirates News Agency)
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Microsoft will invest $1.5 billion in Abu Dhabi artificial intelligence firm G42, providing one of the biggest inbound investments from an outside player yet and lending credibility to the UAE’s ambitions to become a world-leading technology hub.
The...