MGX raises nearly USD 50 bn to accelerate its AI investment push
The raise ranks among the largest dedicated AI investment vehicles to date
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The raise ranks among the largest dedicated AI investment vehicles to date
Mubadala’s move forms part of a broader push into US energy assets
Plus: Aramex acquired Hawthorne Logistics Solutions
The Philippines CEPA alone is forecast to add USD 2.4 bn to UAE GDP by 2032
The AI investor is exploring raising capital from Abu Dhabi and beyond
The countries signed a comprehensive partnership agreement earlier this week to cooperate across several sectors
The new entity will monetize wasted energy for AI and blockchain data center infrastructure in the three countries
The project was originally slated to begin operations in early 2023
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