MGX

We see so many startups, so many companies that are flourishing in Qatar like Snunu that had like a $250 million buyout from Jahiz in Saudi Arabia, uh, Hamad Al Hajri.

But you know, the point is to say here is that that's why these, you know, AI champions are becoming so important, whether it's from Humane in Saudi Arabia to MGX and, you know, Mubadala.

They're most certainly involved in the investments in the UAE, and G42 of course, that's building, you know, the crazy Stargate data center that's meant to be the largest outside of the US.

That's why it's becoming so necessary because we're seeing the, you know, the implications.

The ban goes on to be delayed a number of times throughout the year, with the US government balancing the need to protect user data from Chinese snooping with American dependence on finfluencer advisors and poorly researched stock picks.

In December, news comes out that the app has finally entered a deal with an investor group backed by the likes of Oracle and Abu Dhabi-based MGX.

January 20th, Donald Trump is inaugurated as the President of the United States and hits the ground running, issuing a record number of executive orders on his first day in office, and keeping up the blistering pace throughout his first year.

A number of the president's orders prove quite controversial, including an attempt to end birthright citizenship, the weakening of regulatory agencies like the SEC and FTC, the ending of DEI programs within the government, a move that's mirrored by many corporations in the country, the detention and deportation of immigrants, both illegal and legal, the gutting and shuttering of US institutions like USAID and Department of Education, the sending of the National Guard to quell dangerous protesters in, quote, "war-ravaged Portland," and of course, making showers great again by ending the left's war on water pressure, one of the eight such wars the president would help end in his first year.

Punto.

Dall'altra parte, il governo di Abu Dhabi stacca l'assegno attraverso MGX, il suo nuovo fondo finanziario.

In cambio, ottengono l'installazione dei server fisici direttamente sul proprio territorio.

[risatina] Gli Emirati stanno barattando i profitti del petrolio con un'infrastruttura di calcolo di loro proprietà.

Before he went to prison, Mr. Zhao had held talks with Peng Shao, one of the Sheikh's top lieutenants, about selling the Emiratis a stake in Binance, the ultimate union between his company and his political guardians.

Rarely seen without dark glasses, Sheikh Talnoon is chairman of a venture capital fund called MGX, which specializes in AI.

Early last year, MGX agreed to invest $2 billion in Binance, a deal that valued the company at $75 billion, according to a person familiar with the matter.

MGX viewed Binance as the perfect bridge between crypto and AI, a high-tech money transmission service that could someday enable automated AI agents to make payments on behalf of real people.

Mr. Zhao told me that he wanted to settle the deal in Bitcoin.

The Emiratis worried that it was prone to drastic price swings that would complicate the transaction.

They preferred to pay Mr. Zhao in stablecoins, a type of cryptocurrency designed to maintain a price of $1.

What happened next is widely disputed and likely to become the subject of a congressional investigation if the Democrats win control of Congress in November.