Official statements from Microsoft or G42, SEC filings

Microsoft Invests $1.5B in Abu Dhabi's AI Firm G42, Gains Board Seat Amid US-China Tech Tussle

Apr 16, 2024, 10:45 AM

Microsoft has announced a significant investment of $1.5 billion in G42, an artificial intelligence firm based in Abu Dhabi, UAE. This strategic investment grants Microsoft a minority stake and a board seat, represented by Microsoft President Brad Smith. The investment follows negotiations between the U.S. government and G42, which agreed to divest from Chinese technology and align more closely with American tech, including severing ties with Chinese suppliers. This move is seen as an effort by the U.S. to counter China's influence in the global tech landscape.