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ABU DHABI MGX
TikTok US chief security officer to testify before US House on September 15This is the first time a TikTok US executive will testify publicly in the US House since the company's Chinese owner, ByteDance, finalized ...- BlackRock-backed group commits $5 billion for Aligned Data CentersIn a significant development, a group backed by the investment giant BlackRock has pledged a massive $5 billion to Aligned Data Centers. Th...
- Global Market: Sovereign wealth funds pivot to strategic investments as AI takes centre stageSovereign wealth funds are increasingly prioritising national strategic goals over pure financial returns, with artificial intelligence and...
- Abu Dhabi's MGX weighs multi-billion deal for data centre operator DayOneAbu Dhabi's AI investor, MGX, is reportedly exploring the acquisition of Singapore-based data centre operator DayOne, signaling a significa...
- Gulf countries act as propellants for SpaceX IPO as billions flow inSaudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, th...
- TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...
- How Trump has used the presidency to benefit himself and his alliesPresident Trump's administration is reviewing a large fund proposed for supporters. This comes amid scrutiny over various financial dealing...
- SoftBank to invest €75 billion in 5 GW French AI centresSoftBank Group is set to invest up to $87 billion in France to build 5 gigawatts of AI data center capacity, aiming to establish the countr...
- How US President Donald Trump's crypto venture and Iran's top exchange tapped into the same industry networksIran's Nobitex exchange moved billions through Tron and BNB Chain, networks by Justin Sun and Changpeng Zhao. These blockchains facilitated...
- DeepMind CEO Demis Hassabis’ Isomorphic Labs raises $2.1 billion led by Thrive CapitalAI-driven drug discovery firm Isomorphic Labs secured a massive $2.1 billion in Series B funding. This capital will fuel the expansion of t...
- OpenAI set to raise about $10 billion from MGX, Coatue, ThriveOpenAI is nearing a deal to raise about $10 billion from venture investors, lifting its latest funding round to roughly $120 billion. Backe...
- TikTok reaches deal for new US joint venture to avoid American banThe deal is a milestone for the short video app after years of battles that began in August 2020, when President Donald Trump first tried u...
- US TikTok deal includes MGX, Abu Dhabi firm with long Trump crypto ties: ReportAn Abu Dhabi firm, MGX, invests in TikTok US operations. This company previously partnered with Donald Trump's cryptocurrency venture. MGX ...
- AI news today: Over 10,000 jobs lost in 2025 due to artificial intelligence, Karnataka working with cos to assess workforce impact and moreAI is impacting various sectors. OpenAI will share AI models. US authorities are investigating AI use in airline ticket pricing. MGX in Abu...
- Abu Dhabi's MGX could raise up to $25 billion for AI fund: ReportCompany executives are weighing raising money from financial and strategic investors in Abu Dhabi and beyond, but Mubadala Investment and A...
- Mistral in talks with VC firms, MGX to raise funds at $10 billion valuation: ReportThe funding would accelerate the commercial rollout of Mistral's Le Chat chatbot and support continued development of its large language mo...
- Crypto exchange Binance gets $2 billion investment from Abu Dhabi's MGXBinance and MGX said in statements posted on their website that the investment was made in stablecoin - a type of cryptocurrency pegged to ...
- OpenAI's Altman to stop in Abu Dhabi for MGX fundraising talks, sources sayOpenAI CEO Sam Altman is visiting the UAE to discuss raising $40 billion with Abu Dhabi's MGX, aiming to fuel AI development and compete wi...
- UAE's AI firm G42 and Nvidia to team up on climate techThe UAE, led by government-backed G42, is investing heavily in AI to help diversify its economy away from oil and UAE-based companies have ...
- Abu Dhabi targets $100 billion AUM for AI investment firmThe emirate on Monday unveiled the company called MGX, led by sovereign wealth fund Mubadala Investment Co. and AI firm G42 as foundational...
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