UAE-based AI Company G42 has in a significant manner changed the way it addresses technology transformation
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With critical thinking UAE-based AI Company G42 has in a significant manner changed the way it addresses technology transformation under Group CEO PENG XIAO. G42 previously sought to determine the strategy to be used in fostering collaboration between USA and a capitalist government China but has today decided to shift focus and has signed an agreement with Silicon Valley following political/scientific obstacles. This turn shows us just how serious G42 is when it talks about aligning its investment with the best available AI companies—worldwide.
A major boost to the UAE's AI sector was signalled by Microsoft’s $1.5 billion investment in G42, just before this announcement. Apart from their financial support, they have also set up a $1 billion fund to sponsor app developers within the Middle East who will be instrumental in enhance the technical skills pool in the area.
To grow as a worldwide AI center and have AI development and talent development inherited by regional enterprises and corporations, UAE has made a key strategic decision. UAE has made a major strategic move in order to assert its place as a significant player in the world’s AI arena through linking overseas capital inflows to domestic technological advancements and innovations.
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