#MGX
With the backing of G42, MGX, and Silver Lake, Khazna is set to further expand its footprint in key markets, supporting the growing demand for cutting-edge data centre solutions
The deal, which Binance called its first institutional investment, is one of the largest ever in the crypto industry
The company’s valuation has risen from $14bn in 2021 to $157bn as it grew revenue from zero to $3.6bn
UAE President Sheikh Mohamed bin Zayed Al Nahyan met with US Commerce Secretary Gina Raimondo to discuss expanding bilateral collaboration.
The infrastructure investments will be chiefly in the US and the remainder in its partner countries
The creator of ChatGPT is in talks to raise $6.5bn from investors at a valuation of $150bn
The discussions between Abu Dhabi’s MGX and OpenAI are at an early stage, according to the Financial Times
MGX counts Abu Dhabi wealth fund Mubadala Investment Company and Group 42 as its founding partners