MGX represents a milestone in the process of technological development, and embodies the UAE’s commitment to building a prosperous future for future generations.
Announce Council on Artificial Intelligence and Advanced Technology, which was launched by Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, from Abu Dhabi to establish the “MGX” company.
The establishment of the new company specialized in technology investment aims to enable, develop and employ leading technology to improve the lives of current and future generations. Mubadala Investment and G42 will be founding partners in the new company.
MGX is investing in accelerating the development and adoption of artificial intelligence and advanced technology, by entering into partnerships in the UAE and the world. The company’s strategy is focused on three main areas:
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- Artificial intelligence infrastructure
- Semiconductors
- Basic technologies and applications of artificial intelligence
MGX benefits from investments Abu Dhabi Current developments in the fields of artificial intelligence and advanced technology, and also attract new investments alongside leading global technology and investment companies.
The company reflects a strategic cooperation between “Mubadala” and “G42”, benefiting from each other’s experience in the field of technology and investment. Mubadala has a proven track record of investing in vital sectors, while G42 is a global leader in the field of artificial intelligence technology.
On this occasion, Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of the Artificial Intelligence and Advanced Technology Council, said: “Our main goal is to accelerate the development of artificial intelligence in a responsible and comprehensive manner, in line with Abu Dhabi’s global strategy for investing in artificial intelligence.”
