Fried, Frank, Harris, Shriver & Jacobson LLP

04/16/2024 | Press release | Distributed by Public on 04/17/2024 14:44

Microsoft Announces Strategic Investment in and Collaboration with G42

Fried Frank advised G42, an Abu Dhabi-based technology holdings group focused on AI development, on a variety of agreements in connection with a $1.5 billion strategic investment by Microsoft and $15 billion commercial services agreement. The investment will strengthen the two companies' collaboration on bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries around the world. G42 will run its AI applications and services on Microsoft Azure and partner to deliver advanced AI solutions to global public sector clients and large enterprises. G42 and Microsoft will also work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa, providing these nations with equitable access to services to address important governmental and business concerns while ensuring the highest standards of security and privacy.

The Fried Frank team was led by partner Amir Ghavi.