[HIGHLIGHTS] Microsoft invests $1.5 billion in AI in the Emirates

Microsoft will invest $1.5 billion in the United Arab Emirates' artificial intelligence company G42. The US giant will take a minority stake and a seat on the board of directors.

Microsoft has become a major player in the artificial intelligence industry with its partnership with OpenAI, maker of ChatGpt. The deal appears to mark the latest blow in the U.S.-China battle over technology, which includes Washington's sanctions on Huawei and focuses on concerns over intellectual property and data protection. The Abu Dhabi-based G42 will offer artificial intelligence services via Microsoft's Azure to public sector customers and large enterprises across various industries focusing on the Middle East, Central Asia, and North Africa. (ANSA-AFP).