In April, Microsoft announced that it would invest $1.5 billion in G42, the United Arab Emirates' leading AI company, one of many investments in AI startups and companies around the world.
Microsoft's U.S. investment followed a November 2023 report from The New York Times on G42's ties to Chinese companies, including the U.S.-sanctioned company Huawei. Weeks later, G42 announced that it was cutting ties with its Chinese suppliers, with CEO Peng Xiao telling the Financial Times that he had to choose between the U.S. and China. "We cannot work with both sides," he told the newspaper at the time.
