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MGX, Nvidia, France to build Europe’s biggest AI hub
Key partners include Bpifrance, Mistral AI and other key players such as EDF Group, Bouygues SA, and Ecole Polytechnique
More details on the US-UAE mega AI campus
AI investor MGX and Oracle are also expected to be involved in the project
Bilateral chip agreement with the US could be on the table during talks with Trump in mid-May
Plus: Brent crude slides below USD 62 yesterday
MGX to invest USD 8-10 bn in AI per year with a US focus
MGX will invest between USD 1 bn and USD 2 bn per transaction, with a focus on the US, says…
The UAE's USD 1.4 tn US investment might ease access to AI chips
G42 CEO Xiao confirmed the firm’s potential involvement in the UAE’s planned USD 1.4 tn investment in the US
THIS MORNING: CBUAE holds rates steady following the Fed’s move + xAI, Nvidia join MGX-backed AI Infrastructure Partnership
Plus: Dubai’s rapid vehicle growth intensifies traffic crisis, sparks policy debate
MGX’s record crypto investment is getting ink in the foreign press
PLUS: Telegram CEO Pavel Durov is back in Dubai
MGX taps new MD and AI product lead for the US + Franklin Templeton taps new Dubai-based solutions portfolio manager
MGX’s Andy Pickens is the latest in a series of new hires at the AI fund
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