G42, an artificial intelligence company backed by Microsoft, has held preliminary discussions with potential investors to raise billions of dollars, according to Bloomberg. The move could make it one of the first government-linked AI firms in the UAE to expand its capital base through external financing. The size and structure of the funding are not yet finalized, and the talks remain exploratory. G42 has previously advanced data center projects in Abu Dhabi with Microsoft and OpenAI, and has received support from Microsoft and other companies.
According to Bloomberg, G42, an artificial intelligence company backed by Microsoft, has held preliminary discussions with potential investors to raise billions of dollars. The move could make G42 one of the first government-linked AI firms in the UAE to expand its capital base through external financing.
People familiar with the matter said the size and structure of the funding are not yet finalized, and the discussions remain exploratory. G42 has previously advanced data center projects in Abu Dhabi with Microsoft and OpenAI, and has received support from Microsoft and other companies.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
