OpenAI is not enough for Microsoft: it became a partner of the UAE artificial intelligence company by paying $1.5 billion!
April 16, 2024
0
Lately, the US and American companies have taken many steps to block the progress of their Chinese competitors. One of these moves came from Microsoft and the tech
Lately, the US and American companies have taken many steps to block the progress of their Chinese competitors. One of these moves came from Microsoft and the tech giant acquired the artificial intelligence company G42, based in the United Arab Emirates. $1.5 billion announced that he would invest. Following this investment, Microsoft also received the right to serve on the company’s board of directors.
Under the terms of the agreement, G42 will offer artificial intelligence applications and services through Microsoft’s Azure services. So G42, which serves many private sector and large organizations, will have access to Microsoft technologies. speak about the subject Microsoft President Brad Smith, “Working closely with both the UAE and US governments, we will bring together world-class technology and leading standards for safe, reliable and responsible AI.” he said.
The G42 will be free of Chinese technologies
As the common goal of the two companies advanced artificial intelligenceAnddigital infrastructure This includes shipping to the Middle East, Central Asia and Africa. On the other hand, it is noteworthy that this agreement came after Washington’s attempts to stop Beijing’s technological breakthrough. Finally, because four more Chinese companies are trying to supply chips to the Chinese army to the banned list has been taken.
After the agreement, the G42 began to diversify its investments in China. On the other hand, due to security concerns from US officials, the company has on the hardware side It will give up all Chinese-origin equipment it uses. Microsoft will provide the G42 with $1 billion to support this process.
Follow Webtekno on Threads and don’t miss the news
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.