Abu Dhabi AI Firm to Pare Back China Presence in Pivot to US
- G42 doesn’t need physical presence in China, CEO Xiao says
- Focus is to deploy capital in the US, other Western markets
G42 CEO Peng Xiao.
Source: G42This article is for subscribers only.
Abu Dhabi’s G42 is paring back its presence in China and has pledged to invest in key Western markets in an effort to assuage US concerns over the artificial intelligence firm’s ties to Beijing.
“All of our China investments that were previously made are already divested,” G42 Chief Executive Officer Peng Xiao said in an interview with Bloomberg News. “Because of that, of course, we have no need anymore for any physical China presence.”