Paul Hastings advises G42 on the $1.5 Billion strategic investment by Microsoft
Paul Hastings (Europe) LLP is advising G42, the leading UAE-based artificial intelligence (“AI”) technology holding company, on the $1.5 billion strategic investment by Microsoft in G42
The investment will strengthen the two companies’ collaboration on bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries around the world.
G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realises exponential possibilities, today.
The Paul Hastings team is being led by London M&A partner David Prowse along with senior associate Matthew Calvert and associates James Waite and Macario Chung. The team also includes Co-Chair of the Paul Hastings Washington D.C. Office Scott Flicker, senior associate Quinn Dang and associate Peter Kuri along with partners Jade Alexandra-Fearns, Jason Raeburn and Todd Schneider and associate Natalie Coulton. Senior Of Counsel Marty Edelman is also advising on the transaction.
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Microsoft’s Vice Chair and President Brad Smith will take a seat on the G42 Board.
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Both companies will support the establishment of a $1B fund for developers.
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The partnership includes a first of its kind Intergovernmental Assurance Agreement as both parties commit to world-leading standards in AI safety and security.