STRATEGY SESSION

G42 board plots AI strategy with Microsoft’s Smith at the table

Saudi Arabia is reportedly planning a new AI initiative with as much as $100 billion as it seeks to compete with the UAE

Emirates News Agency

IHC Chairman Sheikh Tahnoon bin Zayed with Microsoft President Brad Smith and G42 CEO Peng Xiao at $1.5 billion deal signing in April 2024

G42, the Abu Dhabi technology firm backed by the emirate’s sovereign wealth and Microsoft, is cooking up plans for its new investments in artificial intelligence next year.

At a board meeting on Thursday led by G42 Chairman Sheikh...