Abu Dhabi AI firm G42 is exploring establishing a US corporate structure or selling a majority stake to US investors. The move is designed to ensure uninterrupted access to advanced American AI hardware.
Abu Dhabi-based AI conglomerate G42 is considering selling a majority stake to US entities or restructuring into an American corporate entity. The strategy addresses tightening US export controls on advanced semiconductor hardware.
The restructuring follows G42's deepening ties with American tech giants, including Microsoft's $1.5 billion investment earlier this year. Securing direct access to advanced GPUs remains essential for the firm's regional AI infrastructure deployments.
G42 is Invent a Better Everyday, based in Abu Dhabi, founded in 2018, operates in the AI sector.
G42 has raised $1.5B Series D+ in disclosed funding to date according to the DXBStart company directory. Its most recent disclosed stage is Series D+ ($1.5B, Apr 2024).
The DXBStart company profile at dxbstart.com/company/g42 aggregates every news story DXBStart has indexed about G42, along with funding history, stage, status, and company details.
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