STOCK TITAN

G42 and Microsoft unlock new opportunities for digital transformation with joint sovereign cloud and AI offering

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
AI
Rhea-AI Summary
G42 and Microsoft have announced a strategic collaboration to accelerate UAE's digital transformation. They will provide sovereign cloud offerings, co-innovate, deliver advanced AI capabilities, and expand data center infrastructure. They will also focus on industry-specific solutions and empower the technology ecosystem.
Positive
  • The collaboration will accelerate UAE's digital transformation
  • The sovereign cloud offerings will provide secure access to the latest cloud and AI features
  • Industry-specific solutions will be developed for health, energy, sustainability, and national projects
  • The partnership will empower the technology ecosystem and create go-to-market opportunities for partners
  • Microsoft will expand its Azure services footprint in the UAE
Negative
  • None.

Combined expertise of both organizations further accelerates UAE's digital transformation, allowing public sector and regulated industries to securely take full advantage of the latest cloud and AI technologies.

ABU DHABI, UAE and DUBAI, Sept. 5, 2023 /PRNewswire/ -- G42 and Microsoft have embarked on the next phase of their ongoing strategic collaboration and announced a multifaceted plan to make available sovereign cloud offerings, co-innovate and deliver advanced AI capabilities, and expand the existing data center infrastructure in the UAE.

Microsoft's sovereign cloud offering public sector and regulated industries to use new platform capabilities for securing access to the latest cloud and AI features available on Azure public cloud and helping local privacy and regulatory requirements. G42's deep understanding of UAE sovereignty requirements and technical capabilities are central to customizing the offering to help address customer's specific needs.

By combining their expertise and existing capabilities, the companies will also focus on bringing cutting-edge, AI-enabled industry specific solutions for health and life sciences, energy, sustainability and projects of national significance, for example the COP28 conference being held in the UAE this year.

In addition to setting new milestones for public sector cloud computing security and innovation, G42 and Microsoft will further empower the wider technology ecosystem by delivering new in-country services, extend go-to-market opportunities for partners, and unlock considerable value for Microsoft's partner ecosystem to deliver industry-specific solutions to local entities. The partnership will also see Microsoft expanding its Azure services footprint in the UAE via Khazna Data Centers, a joint venture company between G42 and e&.

His Excellency Dr. Mohamed Al Kuwaiti, Head of Cyber Security for United Arab Emirates Government & Director of The National Data Center under The Supreme Council for the National Security, praised the partnership between Microsoft and G42 stating that it will further contribute to creating a safer and more resilient digital environment that the public sector and regulated industries can utilize to enhance efficiency, as well as enable citizens to access services seamlessly, which will lead to flourishing innovation without compromising security and data privacy while bolstering the country effort to manage cyber risks effectively, ensure continued services to society, support economic growth, and uphold the reputation of the United Arab Emirates.

Peng Xiao, Group CEO of G42, described the joint sovereign cloud and AI offering with Microsoft as a significant step forward in the company's mission to accelerate innovation and drive meaningful technological advancements across key sectors. "This strategic collaboration with Microsoft isn't just about technology; it's about creating a holistic ecosystem for societal resilience and growth. By combining our respective expertise and shared forward-thinking approach, we aim to not only transform industries but also create positive economic opportunities and lasting impacts on the well-being of individuals, communities, and society as a whole."

Judson Althoff, Executive Vice President and Chief Commercial Officer at Microsoft, noted that organizations all over the world are turning to advancements in generative AI technology to imagine new ways to solve business, societal, and sustainability challenges. "Microsoft's partnership with G42 will empower customers across the public sector with next-generation AI solutions built on the most trusted, comprehensive, and integrated cloud platform. With data privacy, security, and compliance as our core priorities, we have a unique opportunity to help organizations responsibly innovate for the benefit of citizens and residents across the UAE."

Samer Abu-Ltaif, Corporate VP and President for Central and Eastern Europe, Middle East and Africa at Microsoft, said that the UAE has distinguished itself as an early adopter of the latest technologies, creating the ideal environment for developing and deploying cutting-edge solutions. This has given organizations across every industry the confidence to explore solutions that will drive their digital transformation agendas, improve efficiency and enhance agility. "By strengthening our collaboration with G42, we are supporting the UAE's vision of empowering individuals and businesses to innovate AI solutions that not only drive sustainable economic growth, but also tackle ongoing challenges in our communities."

This announcement marks the first significant outcome since G42 and Microsoft announced their intention to partner earlier this year, in April 2023. The two companies plan to further strengthen their collaboration in the upcoming months.

About Microsoft

Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

About G42

G42 is a technology holding group, global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating the world over, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today. To know more visit www.g42.ai

Giacomo Ziani, G42
E: Giacomo.ziani@g42.ai

 

Cision View original content:https://www.prnewswire.com/news-releases/g42-and-microsoft-unlock-new-opportunities-for-digital-transformation-with-joint-sovereign-cloud-and-ai-offering-301918057.html

SOURCE G42

FAQ

What is the collaboration between G42 and Microsoft about?

The collaboration aims to accelerate UAE's digital transformation by providing sovereign cloud offerings, co-innovating, delivering advanced AI capabilities, and expanding data center infrastructure.

What are the benefits of the sovereign cloud offerings?

The sovereign cloud offerings will provide secure access to the latest cloud and AI features, helping public sector and regulated industries meet privacy and regulatory requirements.

What industry-specific solutions will be developed?

Industry-specific solutions will be developed for health, energy, sustainability, and national projects, such as the COP28 conference.

How will the partnership empower the technology ecosystem?

The partnership will create go-to-market opportunities for partners and unlock value for Microsoft's partner ecosystem to deliver industry-specific solutions to local entities.

Will Microsoft expand its Azure services footprint in the UAE?

Yes, Microsoft will expand its Azure services footprint in the UAE via Khazna Data Centers, a joint venture company between G42 and e&.

Microsoft Corp

NASDAQ:MSFT

MSFT Rankings

MSFT Latest News

MSFT Stock Data

3.24T
7.43B
0.06%
73.56%
0.84%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
REDMOND