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Abu Dhabi artificial intelligence group G42 is expanding in the US as the Gulf state plans to invest billions in positioning itself as a global leader in AI technology.
The AI firm has recently established a US company as part of its strategy to increase its presence in the country, according to corporate filings.
Backed by Abu Dhabi sovereign investor Mubadala, the AI group confirmed its commitment to expanding in the USA market and has set up a legal entity to support this strategy.
G42’s subsidiaries, including AI applications, cloud computing, and data center companies, are expected to announce their US business plans in the coming months.
The UAE is focusing on AI as part of its economic diversification plans, leading to increased investments in the US to enhance collaboration in this technology.
G42, chaired by Sheikh Tahnoon bin Zayed al-Nahyan, is keen on deepening cooperation with the US in AI technology.
Greater presence in the US will facilitate investments by Abu Dhabi companies, according to sources.
Sheikh Tahnoon’s meeting with President Trump in March aimed to strengthen bilateral cooperation, resulting in a $1.4 trillion investment framework commitment from the UAE to the US.
The establishment of G42 USA in Delaware and the expansion plans of its subsidiary Core42 in the US demonstrate Abu Dhabi’s push to accelerate its presence in the country.
G42’s move to invest in US chipmaker Cerebras and its partnerships with US investors, including Microsoft and Ray Dalio’s family office, signify its commitment to expanding in the US market.
The UAE’s long-term investment strategy in the US, highlighted by Mubadala’s chief executive, emphasizes the Gulf state’s strong economic ties with America.
Details of G42’s expansion in the US are still unfolding, with some subsidiaries closely monitoring the developments to align their growth strategies accordingly.
UAE officials continue to showcase their commitment to the US economy despite global trade challenges, emphasizing their role as significant foreign direct investors in America.
Additional reporting by Tim Bradshaw in London and George Hammond in San Francisco