People familiar with the matter revealed that G42, an artificial intelligence company headquartered in Abu Dhabi, has begun exploratory negotiations with potential investors and plans to raise billions of dollars. The company may follow the example of affiliated companies in other UAE countries to develop external financing channels. G42's current investors include Mubadala Investment Fund, the US private equity agency Silverlake Capital, and tech giant Microsoft. Since the relevant information is confidential, people familiar with the matter did not wish to be named, and said that the structure and scale of this potential financing has not yet been finalized. A representative of G42 declined to comment on the financing plan, saying the company remains focused on a long-term development strategy.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.