Abu Dhabi supports the Trump plan for 100 billion to artificial intelligence

A day after his inauguration as president of the United States, Donald Trump unveiled a $ 100 billion project to finance the artificial intelligence infrastructure, with the support of three of the biggest names in the field of technology, and they are: “Openiai”, the ‘softbank’ group and ‘Oracle’, but there is a fourth company that contributes to the project, but A wide wide, is not a wide, but is not a wide, but is not a wide, but is not a wide. This UAE investment business is supervised by one of the most influential transactions in the world, Sheikh Tahnoon bin Zayed Al Nahyan, the UAE National Security Advisor, and the brother of the state president, which leads a rich of about $ 1.5 trillion, including many institutions, including sovereign wealth “G42” (G42). The contribution of ‘Emirates’ to the Trump project was set up last March ‘MGX’ with the participation of ‘Mubadala Investment’ and ‘G42’ as founding partners, and is aimed at achieving assets of more than $ 100 billion. The company has emerged as an important tool for pushing the state to dominate the artificial intelligence sector. According to a report issued by the “Inforencen” platform, the company plans to contribute about $ 7 billion in the Trump plan, known as the “Stargate” project. Representatives of MGX declined to comment. Also read: “Microsoft” and “G42” work together to create two artificial intelligence centers in Abu Dhabi. The company supported ‘Oben Ai’, and it also worked with ‘Black Rock’ and ‘Microsoft’ in a $ 30 billion plan to set up energy data and infrastructure centers. Large investments were also pumped into Xai, owned by Elon Musk, and was one of the investors at DataBrics, one of the largest private technology companies in the world. “Mgx” has combined the financial power derived from the “Mubadala” business, one of the Sovereign Emirates funds, which is $ 330 billion and is considered an important player in technological investment in itself, and the angels for the “G42”, which has finished “Microsoft”. According to the publications on the ‘LinkedIn’ platform, ‘MGX’ employed a number of veterans in ‘Mubadala’, and CEO, Ahmed Yahya Al -Midrisi, was previously head of direct investment in the Sovereign Fund. The company recently attracted an executive official of the Swedish Company “MotherBrain” Eqt “EQT” Swedish to hold the position of senior artificial intelligence engineers, as well as a former McKinsey “to help semiconductor transactions. Abu Dhabi. 6% of the Global Oil Reserves, to delve investments in sectors such as healthcare and financing were the most important as agencies in it, “and concluded an agreement with the US government to end its cooperation with Beijing. Also read: A collaboration agreement between the Emirati “G42” and “Openai” for artificial intelligence, and proposed the administration of former US President Joe Biden to limit the export of advanced chips to countries such as the Emirates. At the World Economic Forum in Davos this week, the CEO of G42 Beng Xiao – a member of the MGX board of directors – has criticized. Xiao said: “Honestly, these restrictions are a gift for another country, which is China. As one of the few cities in the world with more than one trillion dollar to sovereign wealth, Abu Dhabi has a great advantage in a sector that needs investors with great financial resources. Tahnoun, whose publications on the “X” platform show the ambition and influence of Abu Dhabi.