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Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

The collaboration will promote and share the latest AI tech and skills initiatives worldwide and introduce an investment fund for developers.

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microsoft invests $1.5 billion in abu dhabi ai tech firm g42
G42

Abu Dhabi AI and tech firm G42 have announced a partnership with Microsoft that will include a $1.5 billion investment. The huge cash injection will help the collaborating companies bring the latest Microsoft AI tech and skills initiatives to the UAE, as well as the wider Middle East, Central Asia, and Africa.

Over time, G42 and Microsoft aim to empower nations and improve equity by allowing access to services that address vital government and business concerns while promoting the highest privacy and security standards.

H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, explained: “Microsoft’s investment in G42 marks a pivotal moment in our company’s journey of growth and innovation, signifying a strategic alignment of vision and execution between the two organizations. This partnership is a testament to the shared values and aspirations for progress, fostering greater cooperation and synergy globally”.

The partnership will support the creation of a skilled AI workforce and develop a talent pool to drive innovation and boost competitiveness in the UAE and beyond with a $1 billion investment fund for developers.

As part of the newly expanded partnership, Brad Smith, Vice Chair and President of Microsoft, will join G42’s board of directors. In a recent statement, Smith said: “Our two companies will work together not only in the UAE, but to bring AI and digital infrastructure and services to underserved nations [combining] world-class technology with world-leading standards for safe, trusted, and responsible AI, in close coordination with the governments of both the UAE and the United States”.

Also Read: Getting Started With Google Gemini: A Beginner’s Guide

As part of their regional plans, Microsoft and G42 have firmly committed to complying with US and international trade laws. They will also adhere to responsible AI and business integrity regulations governed by a detailed Intergovernmental Assurance Agreement (IGAA).

Peng Xiao, G42’s Group Chief Executive Officer, stated, “This partnership significantly enhances our international market presence, combining G42’s unique AI capabilities with Microsoft’s robust global infrastructure. Together, we are not only expanding our operational horizons but also setting new industry standards for innovation”.

The G42 and Microsoft collaboration has passed several significant milestones over the past twelve months. A joint plan to develop AI solutions for industry and the public sector and industry was unveiled in April 2023, and last September, Microsoft and G42 laid out plans to unlock the potential of the Azure public cloud platform. Finally, in November 2023, Microsoft added G42’s Jais Arabic Large Language Model to its Azure AI Cloud Model.

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Ring Upgrades Home Security With New Ring Protect Plus Features

The latest update allows users to access exclusive new features such as Multi-Cam Live View and Priority Alerts.

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ring updates home security with new ring protect plus features
Ring

Home security expert Ring has revealed five new features for its Ring Protect Plus subscription:

  • Live View
  • Picture-in-Picture
  • Multi-Cam Live View
  • Snapshot Capture Plus
  • Priority Alerts
  • Event Summary

The update should help users boost security and get more value out of their doorbell or camera systems, along with extra peace of mind.

The new video tools, such as Live View Picture-in-Picture, Multi-Cam Live View, and Snapshot Capture Plus, offer insights into activating, viewing, deleting, and downloading snapshots and allow adjustments to snapshot frequency.

Meanwhile, the Enhanced Notifications feature allows users to customize notifications and keep up with what’s happening at home. In addition, a Priority Alerts tool enables alerts when a mobile device is in Do Not Disturb mode and can override settings like Alerts Snooze and Motion Schedules. Finally, the Event Summary feature offers a daily digest of all events and recordings.

“We have always focused on home security solutions that are flexible to work in any space,” said Mohammad Meraj Hoda, Ring’s Vice President of Emerging Markets. “We are seeing more households turn to Ring for the peace of mind that comes from knowing their homes are secure. We’re giving our customers tools they need to build a home security system exactly the way they need it”.

Also Read: Dubai Gives Go Ahead For $35 Billion Al Maktoum Airport Expansion

Ring Protect Plus covers unlimited Ring Video Doorbells and Cameras for a single location. However, the company also offers a Basic plan covering a single Ring Video Doorbell or Security Camera at one location. With both Basic and Plus plans, users can save, share, and download clips of any detected events for up to 180 days.

The company is currently offering a free 30-day free trial to its Ring Protect service with any Ring Video Doorbell or Security Camera purchase. The Ring Protect Plus subscription can be purchased later for $10/month or $100/year.

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