G42 executives have held early talks about selling a majority stake to American companies. The Abu Dhabi artificial intelligence firm wants to secure access to advanced chips beyond next year. Such a sale would reshape a company set up about eight years ago as Abu Dhabi's main technology venture. G42 is overseen by an influential member of the ruling family. The talks are described as exploratory, and no buyer or price is named. Bloomberg attributes the account to people familiar with the matter.
What changed
G42 has been majority-owned within Abu Dhabi since its founding.
- founded about 8 years ago
Sources