G42

Microsoft invests US$1.5 billion in UAE’s G42 in pivot from China

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Microsoft invests US.5 billion in UAE’s G42 in pivot from China

Microsoft will invest US$1.5 billion in the United Arab Emirates’ top artificial intelligence firm, G42, after the Abu Dhabi-based company worked out an unusual deal with the US government to end any cooperation with China. The agreement follows behind-the-scenes negotiations between the US government and the Middle Eastern firm, in which G42 agreed to divest … Read more

OpenAI in talks to raise new funding at US$100-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups

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OpenAI in talks to raise new funding at US0-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups

Microsoft Corp-backed OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above US$100 billion, people with knowledge of the matter said, a deal that would cement the creator of ChatGPT as one of the world’s most valuable start-ups. Investors potentially involved in the fundraising round have been … Read more