TECH - 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
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. 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.
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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“We remain deeply concerned by attempts to move quickly to advance a ...