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Microsoft's $1.5B Investment In UAE AI Firm With China Ties Raises Eyebrows Among Republican Lawmakers: 'Deeply Concerned By Attempts To Move Quickly'

Benzinga LogoBenzinga2w ago

Microsoft's $1.5B Investment In UAE AI Firm With China Ties Raises Eyebrows Among Republican Lawmakers: 'Deeply Concerned By Attempts To Move Quickly' - Benzinga

Quick Summary:

Michael McCaul (R-Texas), chair of the House Foreign Affairs Committee, and Rep.John Moolenaar (R-Mich.), leader of the Select Committee on China, have called for an intelligence assessment of the deal from the Joe Biden administration, reported Reuters.

Microsoft Corporation’s (NASDAQ:MSFT) $1.5 billion investment in UAE-based AI firm G42 has drawn criticism from Republican lawmakers over the company’s historical ties to China.What Happened: Rep.

In a letter dated Wednesday, Republicans have requested a briefing before the deal enters its second phase, which involves the transfer of export-restricted semiconductor chips and model weights.


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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 03:44:02 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21580693

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Official Website: benzinga.com

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News Last Updated: 22 hours ago

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