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🗓️ 20 April 2024
⏱️ 10 minutes
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In this episode, we explore the global implications of Microsoft's $1.5 billion investment in G42, an AI firm based in Abu Dhabi.
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0:00.0 | Microsoft has just announced they're going to be investing $1.5 billion into a UAE AI firm. So |
0:07.0 | today on the podcast, we're breaking down exactly what's going on with this deal, who they're |
0:10.9 | invested in, what they're, what's going on. And a bunch of the controversy that is surrounding |
0:14.6 | this because they literally had to get White House approval for this deal and it gets crazy. So |
0:19.9 | let's dive into it. The first thing I |
0:21.8 | want to say here is the company is G42. I'll dive into a little bit more about the company and |
0:26.6 | break down what they do later, but I wanted to go off and first say they're based in Abu Dhabi, |
0:31.6 | who of course is putting a huge emphasis right now on AI. I've talked to the bunch of people that |
0:36.9 | are over there and have said that |
0:39.2 | it's a huge emphasis that even like up to the top leaders in their company, in their country, |
0:44.2 | are really focusing on making sure that AI is a big priority and they're not getting left |
0:48.3 | behind in this. So they're making big moves, obviously $1.5 billion for a country. I mean, |
0:53.2 | if you look at their, if you look at |
0:54.6 | their like population size, like this is actually quite impressive, in my opinion. So they're |
0:58.1 | making some big moves. What is interesting, though, is that this firm, G42, is actually |
1:03.9 | under investigation from the U.S. for a bunch of its different ties to China. So because of this, |
1:08.4 | they had a lot of difficulties, I would say, getting this deal done. |
1:11.9 | But let's talk a little bit about the actual details and what's going on in this deal. |
1:15.5 | So the first thing to know is that Microsoft, in exchange for this, they're going to be getting |
1:18.6 | a minority stake. They're going to be getting a seat on the board of G42. And essentially, |
1:24.3 | G42 is going to be using them and mostly Microsoft Azure for their cloud |
1:30.0 | computing and for a lot of their cloud needs that are going to be in relation to like |
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