News
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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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.
News
Foodics Acquires Online-Ordering Specialist & Invests In 3 Startups
The deal with UK-based Solo Venture was made at LEAP 2025, and will help create a seamless, all-in-one SaaS ecosystem for restaurants.
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MENA-based restaurant and payments technology provider Foodics has fully acquired Solo Venture, a UK-based company specializing in self-ordering kiosks and white-label online ordering solutions. The deal was reached at this year’s LEAP 2025 event in Riyadh and is part of Foodics’ strategy to create a seamless, all-in-one SaaS ecosystem for restaurants and catering firms.
Solo’s technology includes AI-driven self-service solutions, simplifying ordering and increasing profit margins. By integrating Solo into its platform, Foodics will soon be able to offer restaurants a comprehensive suite of tools covering everything from dine-in management to payments and analytics.
Ahmad Al-Zaini, CEO and Co-Founder of Foodics explained: “This acquisition is a significant step in our mission to build the most comprehensive restaurant management platform in MENA and beyond. To further support our ecosystem and the future of tech in the F&B sector, we are allocating $100M in strategic acquisitions and investments in Fintech, AI, and other transformative technologies over the coming three years”.
Beyond the Solo acquisition, Foodics is also backing three startups as part of its wider expansion plan:
- Norma: A Greek AI-powered data analytics firm that enables business professionals to generate insights instantly, eliminating the need for technical expertise.
- Add: A specialized accounting platform designed for small and medium-sized restaurants to simplify financial reporting and payroll management.
- Arzaq Plus: A smart food and beverage supply chain platform that optimizes sourcing and logistics while introducing a “Buy Now, Pay Later” feature to the Foodics platform.
Also Read: Taager Secures $6.75M To Expand Social eCommerce In MENA
Anas Alghanim, Foodics’ Director of Corporate Development, emphasized, “At Foodics, every investment we make is aimed at creating valuable solutions that drive growth and deliver tangible success, ensuring that we empower our partners and customers to shape the future of the industry”.
The LEAP 2025 announcement coincides with the celebration of Foodics’ 10th anniversary. After supporting over 30,000 food and beverage businesses across 30 countries, Foodics continues to push the boundaries of restaurant management technology, helping companies streamline operations and enhance customer experience.
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