MGX participation confirmed in OpenAI’s US$6.6bn in new funding, valuing it at US$157bn
OpenAI has finalized a deal to receive US$6.6 billion in new funding from investors who valued the company at US$157 billion — the latest in a series of dramatic and sometimes polarizing moves for the ChatGPT maker, the Washington Post reported.The funding anoints the artificial intelligence company as one of...
Abu Dhabi launches technology investment company MGX
ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of 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...
