11 Hrs
Source:
Sky News
MGX Board Meets for Second Time
Khaldoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, chaired the Board of Directors meeting of MGX Company, which discussed the company's expansions and investments in the field of artificial intelligence. The board reviewed the company's financial performance, including its role in a funding round for OpenAI valued at $122 billion, and its investment in Aizomorph Labs worth $2.1 billion to enhance its capabilities in AI-powered drug discovery. Additionally, the expansion of the company in Europe and the increase of AI infrastructure, which is expected to exceed 8 gigawatts by the end of 2026, were discussed with the aim of supporting global expansion and creating long-term economic value.
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