Posted 4/16/2024, 4:00:06 AM
Microsoft Strikes $1.5 Billion AI Deal with UAE Firm, Brokered by US to Counter China
- Microsoft plans $1.5 billion investment in UAE AI company G42, largely brokered by Biden administration
- Deal aims to limit China's tech influence in Gulf region and make G42 use Microsoft cloud services
- G42 has ties to China but will strip out Chinese gear and accept US security measures per deal
- Commerce Secretary Raimondo traveled to UAE twice to negotiate security terms
- Deal could be model for US firms using AI leadership to lure countries from Chinese tech