A newly established investment firm in Abu Dhabi is reportedly in discussions to back OpenAI‘s chip ambitions. MGX, which is state-funded and just launched, is chaired by Sheikh Tahnoon bin ...

Stablecoins are a type of digital asset designed to hold a constant value, typically with a peg to a fiat currency. Abu Dhabi launched the MGX investment firm last year with a focus on AI technology.

Crypto exchange Binance on Wednesday announced a landmark $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in the company, the largest investment ever ...

MGX is based out of Abu Dhabi, the capital of the UAE. The chairman of the firm, which specializes in AI and tech investments, is Bitcoin, the world’s largest cryptocurrency, stayed flat.

Abu Dhabi-backed investment group MGX has made a $2bn cryptocurrency investment in Binance, the companies said on Wednesday (March 12), deepening ties between the world’s largest crypto exchange ...

DUBAI (Reuters) -Abu Dhabi-backed investment group MGX has made a $2 billion cryptocurrency investment in Binance, the companies said on Wednesday, deepening ties between the world's largest ...

Binance, the world's largest crypto exchange, secured a $2B minority investment from MGX, marking the Abu Dhabi investment fund's first foray into crypto and blockchain sectors.

Abu Dhabi launched the MGX investment firm last year with a focus on AI technology. In September, MGX partnered with the likes of BlackRock and Microsoft to launch a more than $30 billion AI fund ...