Microsoft invests $1.5 billion in AI firm G42 which faces U.S. scrutiny for China ties
Summary
Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab Emirates, as the U.S. giant looks to strengthen its position in the technology amid fast-rising competition. The commercial partnership is "backed by assurances to the U.S. and UAE governments through a first-of- its-kind binding agreement to apply world-class best practices to ensure the secure, trusted, and responsible development and deployment of AI," according to Microsoft. "Both companies will move forward with a commitment to comply with U.S. and international trade, security, responsible AI, and business integrity laws and regulations," Microsoft said. Select Committee on the Chinese Communist Party, called on the Commerce Department to "closely examine" G42 to see whether it should be included on a trade export blacklist. Gallagher alleges that G42 maintains relationship with blacklisted Chinese firms, such as Huawei, and that it works with Chinas military and intelligence services.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
