Abu Dhabi artificial intelligence and cloud company G42 has received a $1.5 billion investment from Microsoft, which will help to further boost G42's global expansion plans and strengthen the UAE's position as a global technology hub.
The expanded partnership will also include the creation of a $1 billion fund to support developers aimed at enhancing the Middle East's technology talent pool, the companies said in a joint statement on Tuesday.
"Microsoft’s investment in G42 marks a pivotal moment in our company’s journey of growth and innovation, signifying a strategic alignment of vision and execution between the two organisations," said Sheikh Tahnoun bin Zayed, Deputy Ruler of Abu Dhabi and chairman of G42.
As part of the move – which will also focus on bringing AI infrastructure and capabilities to underserved nations – Brad Smith, vice chairman and president of Microsoft, will join G42's board of directors.
"The partnership between G42 and Microsoft is expected to benefit the UAE and the region by providing access to advanced generative AI capabilities, expanding data centre infrastructure, supporting the development of a skilled AI workforce, driving innovation and competitiveness for businesses and positioning the UAE as a leader in AI technology," a G42 representative told The National.
The UAE aims to become a global AI leader and continues to tap into new-age technologies in preparation for the economy and society of the future.
The Emirates has attracted interest for its potential to become a global AI hub, and has pivoted towards partnerships with technology majors from the West.
“We will combine world-class technology with world-leading standards for safe, trusted and responsible AI, in close co-ordination with the governments of both the UAE and the US," Mr Smith said.
In February, Sam Altman, chief executive of generative AI platform ChatGPT maker OpenAI, was said to be in talks with investors, including the UAE government, to raise funds – reportedly to be as much as $7 trillion – aimed at boosting the world’s chip-building capacity to power AI, The Wall Street Journal reported.
Last August, the UAE and Saudi Arabia were reported to have bought thousands of AI chips from market leader Nvidia, as the Arab world's two biggest economies expand their AI strategies, the Financial Times reported.
G42, meanwhile, has been at the forefront of the UAE's AI growth strategy.
In October, G42 unveiled a new entity, Core42, that merged three of its key units – G42 Cloud, its research and development arm Inception and ICT unit Injazat – to focus on delivering AI solutions and services on a national scale.
It also announced a partnership with OpenAI, focusing on using its models in verticals where G42 operates, including financial services, energy, health care and public services.
With the latest Microsoft investment, "we are not only expanding our operational horizons but also setting new industry standards for innovation", said Peng Xiao, group chief executive of G42.
The announcement also continues the long-running partnership between G42 and Microsoft. In April last year, the companies announced a plan to develop AI solutions for the public and industrial sectors.
In September, they forged an agreement to introduce sovereign cloud offerings powered by advanced AI and, in November, Microsoft announced the availability of G42’s Jais Arabic large language model on its new Azure cloud service.
Jais, launched in August, is an open-source bilingual Arabic-English model developed by Inception. At the time, it was said to be the most accurate LLM for Arabic and aimed to bring one of the world's most widely used languages into the AI mainstream.
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
Get inspired
Here are a couple of Valentine’s Day food products that may or may not go the distance (but have got the internet talking anyway).
Sourdough sentiments: Marks & Spencer in the United Kingdom has introduced a slow-baked sourdough loaf dusted with flour to spell out I (heart) you, at £2 (Dh9.5). While it’s not available in the UAE, there’s nothing to stop you taking the idea and creating your own message of love, stencilled on breakfast-inbed toast.
Crisps playing cupid: Crisp company Tyrells has added a spicy addition to its range for Valentine’s Day. The brand describes the new honey and chilli flavour on Twitter as: “A tenderly bracing duo of the tantalising tingle of chilli with sweet and sticky honey. A helping hand to get your heart racing.” Again, not on sale here, but if you’re tempted you could certainly fashion your own flavour mix (spicy Cheetos and caramel popcorn, anyone?).
MATCH INFO
Uefa Champions League semi-final, second leg
Real Madrid (2) v Bayern Munich (1)
Where: Santiago Bernabeu, Madrid
When: 10.45pm, Tuesday
Watch Live: beIN Sports HD
FIXTURES
Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan
The top two teams qualify for the World Cup
Classification matches
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.
Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place playoff
Sholto Byrnes on Myanmar politics
MATCH INFO
Barcelona 2
Suarez (10'), Messi (52')
Real Madrid 2
Ronaldo (14'), Bale (72')
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
AWARDS
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COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
A%20QUIET%20PLACE
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Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
AL%20BOOM
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Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
FIGHT CARD
Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)
Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)
Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)
Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)
Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)
Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)
Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)
Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)
Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)
Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)
Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)
Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
SPECS
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The Bio
Favourite place in UAE: Al Rams pearling village
What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans
Best time to swim in the sea: When there is enough light to see beneath the surface
