[ TRANSACTION RECORD ]

Microsoft Corporation Investment in G42 — 2024

VERIFIED VECTOR ID: 001475 · tx-003
M SOURCE NODE — FUNDER
Microsoft Corporation
Technology United States
$1,500,000,000
EQUITY
16/04/2024
Q DESTINATION NODE — RECIPIENT
G42
Company United Arab Emirates
Amount (USD)
$1.5B
Flow Type
EQUITY
Transaction Date
16/04/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Microsoft Corporation
AUM 410000
HQ Location United States
Sector Technology
Recipient Profile [ Q ]
Entity G42
Entity Type Company
Jurisdiction United Arab Emirates
Intelligence Note

Microsoft Corporation invested 1.5 billion dollars in Abu Dhabi-based AI firm G42 to co-develop advanced artificial intelligence solutions. The deal includes a strategic partnership to run G42’s AI applications on the Microsoft Azure cloud platform. This transaction marks a significant expansion of Microsoft’s technological influence in the Middle East.

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Primary Forensic Source https://news.microsoft.com/2024/04/16/microsoft-invests-1-5-billion-in-g42-to-accelerate-ai-development/
✓ SOURCE LINKED