Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser
Headline from WHEC Rochester
REDMOND, Wash. (AP) — Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser.
WHEC Rochester's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
REDMOND, Wash. (AP) — Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding company G42 announced the deal Tuesday.
REDMOND, Wash. (AP) — Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser.
Microsoft said it would invest $1.5 billion in G42, an Emirati company with ties to China, as Washington and Beijing maneuver to secure tech influence in the Gulf.
Microsoft shares are in focus on Tuesday after the tech giant said it has made a $1.5 billion investment in United Arab Emirates-based AI firm G42. Monitor this important chart level.
Microsoft will invest $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. tech giant a minority stake and a seat on the board, the companies said in a statement on Tuesday.
AI giant G42 is chaired by the powerful UAE royal Sheikh Tahnoon, backed by the UAE sovereign wealth fund and was heavily scrutinized over its ties to China.
Microsoft plans to invest $1.5 billion in G42, an Emirati company with ties to China, as Washington and Beijing maneuver to secure tech influence in the Gulf.
