The Kuwaiti sovereign wealth fund becomes the first non-founder financial anchor investor to join the company formed by MGX, Microsoft and BlackRock
Microsoft
Latest in Microsoft
data centre
Du to open $545m hyperscale data centre in Dubai
Sheikh Hamdan witnessed announcement of massive du and Microsoft data centre in Dubai
data breach
Microsoft vulnerabilities hit record high in 2024, says new BeyondTrust report
Critical vulnerabilities across the Microsoft ecosystem declined overall in 2024, the report said
ChatGPT
OpenAI raises $40bn at valuation of $300bn
The funding news came the same day the Microsoft-backed company announced it was building a more open generative AI model
AI
Abu Dhabi and Microsoft team up to bring AI to government following $3.5bn digital investment
Abu Dhabi is looking to automate 100 per cent of its government processes
AI technologies
du to transform its call center with Microsoft’s AI technologies
It will result in a highly personalised customer experience and also address challenges such as stringent national data privacy regulations
Abu Dhabi business
New tax in the UAE; Blue Visa launched; Saudi megaproject guide; Dubai Loop announced – 10 things you missed this week
New taxes and visa in the UAE, Elon Musk reveals Dubai Loop plan; Saudi megaprojects revealed, expected Ramadan dates and more top stories this week
AI
G42 and Microsoft launch AI foundation in Abu Dhabi
G42 and Microsoft launch Abu Dhabi foundation to make sure AI ‘serves humanity, not just in the West, but people around the globe’
cloud services
Google urges FTC to break up Microsoft’s cloud deal with OpenAI: report
Tech companies that compete with Microsoft in renting out cloud servers also want to host OpenAI’s models
cloud
Microsoft cloud will add $74.4bn to UAE economy and create 152,530 jobs in next 4 years: study
Microsoft cloud will create more than $74bn and generate over 152,000 jobs in the UAE in next 4 years according to an IDC study
Apple
Nvidia set to dethrone Apple as most valuable company as its shares close all time high
The latest gains lifted Nvidia’s market value to $3.39 trillion, just below Apple’s $3.52 trillion value and above Microsoft’s $3.12 trillion
cloud computing
Mohammed Bin Rashid Housing Establishment partners with Microsoft to drive digital transformation and cloud adoption
The agreement envisaged the two collaborating on organising specialised workshops and training programmes to build digital skills among MBRHE employees
Artificial intelligence
UAE President Sheikh Mohamed meets with Microsoft, BlackRock, and Nvidia CEOs to explore tech opportunities
The CEOs of the three companies expressed their keen interest to continue their collaboration with the UAE in advanced technology
Artificial intelligence
Microsoft announces share buyback plan of up to $60 billion
Under pressure from investors to show results of its huge investments into AI, it also increases the quarterly dividend by 10 percent