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US tech giant Microsoft announced Monday that it will invest $7.9 billion in the United Arab Emirates in 2026-2029, including investments in the AI and cloud infrastructure, Anadolu reports. Microsoft said online that a new AI initiative was launched in 2023 with the encouragement and support of the US and UAE governments, and that the company will invest a total of $15.2 billion in the UAE over seven years as part of this initiative. “This includes our $1.5 billion equity investment in G42, more than $4.6 billion in capital expenses in advanced AI and cloud datacenters in the country, and more than $1.2 billion in local operating expenses and the cost of goods sold,” it said. The tech giant stated […]
