AI Powerhouse from the Gulf Expands into the US Amidst Technological Competition – FT
The G42 group, backed by the United Arab Emirates and the state-owned Mubadala investment company, is reportedly planning to expand into the US market amidst increasing competition in the artificial intelligence sector, with nations like China...
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The G42 group, backed by the United Arab Emirates and the state-owned Mubadala investment company, is reportedly planning to expand into the US market amidst increasing competition in the artificial intelligence sector, with nations like China narrowing the gap with the US.
According to a report from the Financial Times, G42 intends to invest tens of billions of dollars to establish its presence in the US. Despite the US's historical dominance in both AI and semiconductor technologies, many countries are intensifying efforts to create and promote their own AI solutions and chips.
In an article published on Sunday, the Financial Times quoted a representative from G42, who confirmed the group's commitment to expanding in the US market and noted, “committed to the USA market expansion and has established a legal entity towards that strategy."
The report also highlighted that G42 is chaired by Sheikh Tahnoon bin Zayed al-Nahyan, the UAE’s national security adviser, who has been at the forefront of the UAE's initiative to diversify its economy through AI.
In April, Microsoft announced a $1.5 billion investment in G42 in return for a minority stake, and the UAE group has drawn the interest of other US investors, including Ray Dalio's family office and private equity firm Silver Lake.
Furthermore, in 2023, G42 made the decision to sever ties with Chinese hardware suppliers like Huawei, opting instead for American counterparts to ensure compliance with US regulations.
Recently, the launch of DeepSeek in China in January raised questions about the supremacy of US-based ChatGPT. Unlike its American competitor, the Chinese model is freely accessible without a subscription and quickly became the most downloaded app on both Apple and Google’s stores in around 60 countries, boasting lower operational costs than ChatGPT.
In March, researchers from the University of Science and Technology of China unveiled a groundbreaking superconducting quantum computing prototype, reportedly a million times faster than Google’s leading quantum processors. The chip, called Zuchongzhi-3, is claimed to be a quadrillion times more efficient than any traditionally built supercomputer.
Additionally, in February, the newspaper Mint reported, citing Indian officials, that New Delhi is developing its own artificial intelligence chip from the ground up, aiming to reduce the nation’s dependence on Western tech companies by 2027.
Allen M Lee contributed to this article for TROIB News
According to a report from the Financial Times, G42 intends to invest tens of billions of dollars to establish its presence in the US. Despite the US's historical dominance in both AI and semiconductor technologies, many countries are intensifying efforts to create and promote their own AI solutions and chips.
In an article published on Sunday, the Financial Times quoted a representative from G42, who confirmed the group's commitment to expanding in the US market and noted, “committed to the USA market expansion and has established a legal entity towards that strategy."
The report also highlighted that G42 is chaired by Sheikh Tahnoon bin Zayed al-Nahyan, the UAE’s national security adviser, who has been at the forefront of the UAE's initiative to diversify its economy through AI.
In April, Microsoft announced a $1.5 billion investment in G42 in return for a minority stake, and the UAE group has drawn the interest of other US investors, including Ray Dalio's family office and private equity firm Silver Lake.
Furthermore, in 2023, G42 made the decision to sever ties with Chinese hardware suppliers like Huawei, opting instead for American counterparts to ensure compliance with US regulations.
Recently, the launch of DeepSeek in China in January raised questions about the supremacy of US-based ChatGPT. Unlike its American competitor, the Chinese model is freely accessible without a subscription and quickly became the most downloaded app on both Apple and Google’s stores in around 60 countries, boasting lower operational costs than ChatGPT.
In March, researchers from the University of Science and Technology of China unveiled a groundbreaking superconducting quantum computing prototype, reportedly a million times faster than Google’s leading quantum processors. The chip, called Zuchongzhi-3, is claimed to be a quadrillion times more efficient than any traditionally built supercomputer.
Additionally, in February, the newspaper Mint reported, citing Indian officials, that New Delhi is developing its own artificial intelligence chip from the ground up, aiming to reduce the nation’s dependence on Western tech companies by 2027.
Allen M Lee contributed to this article for TROIB News
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