While Microsoft investing big in AI is nothing new ' see OpenAI ' the deal with G42, an AI holding company, comes with other entanglements that likely needed to be cleared before the announcement of the deal. In a release, Microsoft says the partnership is backed by assurances to both U.S. and UAE governments in a first-of-its-kind agreement to apply best practices to ensure the secure and responsible development of AI. It was also reported the deal followed negotiations between the U.S. and G42 to divest from China and pivot to American technology. Earlier this year, the U.S. House Select Committee on the Chinese Communist Party sent a letter urging the Department of Commerce to investigate G42. The investment further illustrates Microsoft's market assault to become the dominant tech power in AI. It is the third-largest investment by Microsoft into an AI company ' behind only OpenAi and Cruise ' per Crunchbase data. Santa Clara, California-based chip startup Rivos raised more than...
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