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Satya Nadella is hoping to prove he's the shrewdest dealmaker in AI. Microsoft just put $1.5 billion in UAE firm G42 while getting it to divest its China ties. G42 has been linked to a chip venture led by Microsoft's other main AI bet, OpenAI. Last month, Nadella pulled off a big coup by hiring Mustafa Suleyman, a DeepMind cofounder and Inflection AI CEO, and several of his software engineers to head up a new AI division at Microsoft. InflectionThe move involved a $650 million payment to Inflection AI that would also allow Microsoft to license Inflection's AI models.
Persons: Satya Nadella, , Redmond, Peng Xiao, hasn't, Sam Altman, Nadella, Brad Smith, who's, , Altman, Mustafa Suleyman, Mistral Organizations: Microsoft, Service, OpenAI, Huawei Locations: UAE, China, Abu Dhabi, DarkMatter, Beijing, @G42ai, OpenAI, Paris
London CNN —Microsoft will invest $1.5 billion in Abu Dhabi’s G42, an artificial intelligence group that has faced questions over its ties to China. The companies will collaborate on AI and digital infrastructure, in a move that sees Microsoft’s AI empire expand into the Middle East for the first time. G42 and Microsoft say they have committed to comply with US and international trade rules as part of their partnership. Microsoft has forged high-profile partnerships with several AI companies, in an attempt to position itself as a leader in the technology. “It’s all about this new AI era,” Smith told CNN in February.
Persons: Peng Xiao, , Xiao, Brad Smith, , OpenAI, , ” Smith Organizations: London CNN, Microsoft, Abu, Pegasus, New York Times, CNN, Mistral Locations: Abu Dhabi’s, China, Chinese, Beijing, UAE, United States, Europe, Spain, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with G42 CEO and Mercedes-AMG Petronas F1 Team CEOAbu Dhabi royal backed artificial intelligence company G42 and the Mercedes F1 team are partnering to explore ways to deploy AI software and solutions into the team's operations to deliver critical insights. CNBC's Dan Murphy sits with G42 CEO Peng Xiao and Mercedes F1 Team Principal and CEO Toto Wolff to speak about the partnership, incorporating AI technology in sports and AI regulation.
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