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Category: US-China

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Abu Dhabi-based AI firm G42 cuts ties with Chinese firms

Abu Dhabi-based AI firm G42 has sold its stakes in several Chinese entities, including ByteDance, the parent company of TikTok.  G42 wants to avoid criticism from the US regarding its connections with Chinese businesses. The technology investment branch of G42, known as 42XFund, boasts a hefty $10 billion in technology investments, confirmed to the Financial…

The post Abu Dhabi-based AI firm G42 cuts ties with Chinese firms appeared first on DailyAI.

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February 12, 2024 No Comments
Category: US-China

Abu Dhabi-based AI firm G42 cuts ties with Chinese firms

February 12, 2024 No Comments

Abu Dhabi-based AI firm G42 has sold its stakes in several Chinese entities, including ByteDance, the parent company of TikTok.  G42 wants to avoid criticism from the US regarding its connections with Chinese businesses. The technology investment branch of G42, known as 42XFund, boasts a hefty $10 billion in technology investments, confirmed to the Financial…

The post Abu Dhabi-based AI firm G42 cuts ties with Chinese firms appeared first on DailyAI.

Read More
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