Abu Dhabi unveils new technology investment company – ‘MGX’

Abu Dhabi unveils new technology investment company – ‘MGX’

The Artificial Intelligence and Advanced Technology Council (AIATC), established by President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the ruler of Abu Dhabi, has created MGX, a technology investment company to enable the advancement and deployment of leading-edge technologies intended to improve the lives of current and future generations. Mubadala and G42 will serve […]The Artificial Intelligence and Advanced Technology Council (AIATC), established by President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the ruler of Abu Dhabi, has created MGX, a technology investment company to enable the advancement and deployment of leading-edge technologies intended to improve the lives of current and future generations.

Mubadala and G42 will serve as foundational partners in the creation of the new company.

The company will invest to accelerate the development and adoption of AI and advanced technologies through world-leading partnerships both in the UAE and globally.

MGX’s investment strategy will focus on three main areas: AI infrastructure (including data centers and connectivity), semiconductors (including logic and memory chip design and manufacturing), and AI core technologies and applications (including AI models, software, data, life sciences and robotics). The company will build on Abu Dhabi’s existing investments in these areas and deploy capital alongside leading international