In the recent AI craze sweeping global markets, companies deeply involved in AI, such as Nvidia, are undoubtedly the biggest beneficiaries and among the first to profit. Many companies also want to grab a share of this boom, so they choose to invest in companies related to AI businesses to profit.
On Tuesday of this week, Microsoft publicly announced in a statement that it will invest $1.5 billion in G42, an artificial intelligence company based in the United Arab Emirates. This investment will give Microsoft equity in the company and a seat on the board of directors.
For large companies, investing is undoubtedly a good choice. After investing in G42, the two parties will become partners. G42 can develop and expand AI-related applications and services on Microsoft's cloud computing platform, Azure, thereby rapidly expanding its business globally.
Through this investment, Microsoft will gain a company board seat at G42. Microsoft President Brad Smith, who will assume this position, recently stated: "We will closely coordinate with the governments of the UAE and the United States, combining world-class technology with the world's leading standards for security, trustworthiness, and responsible artificial intelligence."
In addition, Microsoft and G42 have also set up a $1 billion fund primarily aimed at developers in the AI industry, to encourage the development of the artificial intelligence industry in the UAE and across a broader region.
Before this investment, Microsoft's Azure and G42 had already collaborated multiple times. After receiving the investment, G42 stated it would continue to use Microsoft's Azure, making the platform's data centers a part of its AI infrastructure, as both parties embrace the AI craze together.
