UAE Launches AI Council and Investment Firm MGX to Drive Technological Innovation
- Get link
- X
- Other Apps
The Artificial Intelligence and Advanced Technology Council (AIATC) was officially opened on January 22, 2024, as part of a strategic attempt to position the United Arab Emirates (UAE) as a global technological leader. Led by UAE President Sheikh Mohamed bin Zayed Al Nahyan, the council presented MGX, a ground-breaking technology investment corporation dedicated to advancing cutting-edge ideas for the benefit of current and future generations.
Mubadala and G42, esteemed enterprises well-known in a variety of industries, formed MGX as founding partners. This agreement demonstrates a shared commitment to advancing artificial intelligence (AI) and innovative technologies, establishing the UAE as a significant participant in these critical areas.
MGX's investment focus spans three core areas: AI infrastructure, semiconductor technologies, and AI core technologies and applications. With a strong emphasis on fostering collaboration both locally and internationally, MGX aims to expedite the integration of AI across various sectors, leveraging Abu Dhabi's existing investments while forming strategic partnerships with leading global technology firms and investment entities.
Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chair of the AIATC, highlighted MGX's overarching vision. He emphasized the crucial role of technology in fostering a more prosperous, sustainable, and interconnected global landscape. Sheikh Tahnoun reaffirmed MGX's commitment to responsible and inclusive AI development, aligned with Abu Dhabi's overarching investment strategy in this field.
With Mubadala and G42's wealth of experience and expertise, MGX is poised for success. G42's global leadership in AI technology and Mubadala's transformative investments in critical sectors complement MGX's investment strategy, promising significant advancements in technological innovation.
The leadership structure of MGX reflects a fusion of visionary leadership and seasoned expertise. Sheikh Tahnoun Bin Zayed Al Nahyan serves as Chairman of the Board of Directors, alongside Vice-Chair Khaldoon Khalifa Al Mubarak. The board comprises distinguished figures including Jassem Mohamed Bu Ataba Al Zaabi, Peng Xiao, and Ahmed Yahia Al Idrissi.
- Get link
- X
- Other Apps

Comments
Post a Comment