MICROSOFT INVESTS $1.5 BILLION IN AI FIRM G42, OVERSEEN BY UAE'S NATIONAL SECURITY ADVISER

Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country's powerful national security adviser.

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Microsoft and the technology holding company G42 announced the deal Tuesday. As part of the agreement, Microsoft's president, Brad Smith, will join G42's board of directors.

The deal "was developed in close consultation with both the UAE and U.S. governments," Microsoft said.

Based in Abu Dhabi, G42 runs data centers in the Middle East and elsewhere and has increasingly identified itself as an AI firm. It has built what's considered the world's leading Arabic-language AI model, known as Jais.