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MGX INVESTMENT
France's data centre ambitions bump up against rural fearsA huge AI data centre is planned for Fouju, France. This project brings hope for jobs and money to the small village. However, residents wo...- France's data centre ambitions bump up against rural fearsA massive AI data centre planned for the small French village of Fouju is creating a divide. While proponents see economic benefits and job...
- 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...
- Anthropic nears $1 trillion valuation, zooms past OpenAI after latest funding roundThe company’s valuation has more than doubled from $380 billion in February, reflecting its swift rise as a leading competitor in the AI ra...
- 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...
- When 'I' meets AI: Tech elite's wealth adviser turns multibillion-dollar force in AI frenzyIconiq, a private wealth manager for global elites, is now a major force in venture capital. The firm is making substantial bets on AI star...
- Iconiq, go-to wealth adviser for tech’s elite, is putting billions into AIIconiq is expanding aggressively into venture capital, investing billions in AI startups like Anthropic. Leveraging elite global networks, ...
- Tech layoffs: India once again in the crosshairs, with 1 in 3 laid off by Oracle based hereThousands of Oracle employees in India faced immediate job termination via email. This action is part of a global workforce reduction affec...
- 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 investors set to pay $10 billion fee to Trump administrationThe fee, which the U.S. government is considering a transaction fee for its role in helping bring about the deal, will be paid by new inves...
- Who owns TikTok in the US now?Under the arrangement, non-Chinese investors will own about 80% of the American venture. ByteDance will keep 19.9% of it. The investors, wh...
- 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...
- 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...
- 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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