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The Latest Breaking News from MGX

UAE investor who bought half of Trump crypto firm gets green light to buy US AI chips as critics slam ‘corrupt deal’

One expert warned that allowing these items into the UAE is a ‘massive national security risk’ because China could steal the technology

The Independent UK

Global Market: Sovereign wealth funds pivot to strategic investments as AI takes centre stage

Sovereign wealth funds are increasingly prioritising national strategic goals over pure financial returns, with artificial intelligence and semiconductors emerging as key investment areas. Backed by governments, these funds are making fewer but significantly larger investments to strengthen technological leadership, supply chains and long-term economic resilience.

The Economic Times

Abu Dhabi's MGX weighs multi-billion deal for data centre operator DayOne

Abu Dhabi's AI investor, MGX, is reportedly exploring the acquisition of Singapore-based data centre operator DayOne, signaling a significant global expansion. While DayOne has been planning a $20 billion U.S. IPO, MGX may not match that valuation. This potential deal could mark MGX's first Asian acquisition as it aims to…

The Economic Times

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Trump’s Wallet: From golf clubs to crypto, a decade of presidential finances

President Donald Trump’s personal finances have undergone a fundamental transformation since he first sought the presidency a decade ago — from golf clubs and hotel licensing fees to cryptocurrency token sales, Saudi licensing payments and tens of thousands of securities trades. In 2016, when Trump was elected to his first…

Roll Call

The Gulf states are betting big on AI: who’s investing where?

Gulf states are now frontrunners in the AI race but competition will only intensify.

Fortune

How US President Donald Trump's crypto venture and Iran's top exchange tapped into the same industry networks

Iran's Nobitex exchange moved billions through Tron and BNB Chain, networks by Justin Sun and Changpeng Zhao. These blockchains facilitated transactions for sanctioned Iranian entities. Meanwhile, Sun and Binance, Zhao's exchange, backed Donald Trump's crypto firm. This highlights potential conflicts with U.S. policy amid ongoing tensions.

The Economic Times

Corsair Vanguard Pro 96 review: A good keyboard, but is it worth the ‘big brand’ premium?

The Corsair Vanguard Pro 96 is a premium gaming keyboard with a smattering of today’s must-have gaming features, but you can get more for your money elsewhere.

Tom’s Guide

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Trump’s family is embroiled in a $500m UAE scandal. We’ve hardly noticed

A crypto startup founded by Trump’s family signed a huge deal with the UAE president’s brother. Where’s the political fallout?

The Guardian - US

UAE royal family handed Donald Trump $500 million days before his inauguration

Who is profiting from Trump’s decisions?

We Got This Covered

Landmark Social Media Addiction Trial Starts Today in California

In the first social media addiction case to reach a jury, K.G.M. claims TikTok, YouTube, and other platforms are responsible for her depression, anxiety, and poor self esteem.

Reason

Meet TikTok’s new U.S. CEO: Adam Presser, a Harvard business and law grad with an affinity for Chinese movies

"For three years in high school, I watched Chinese movies and had this incredibly eye-opening experience,” Presser said in a 2023 interview.

Fortune

Oracle’s TikTok Win Isn’t Social Media—It’s a Cloud Power Move

Strategic acquisition of a major equity stake in TikTok US cements Oracle as the primary landlord for one of the most data-intensive platforms in the world.

MarketBeat

TikTok announces it has finalized deal to establish US entity, sidestepping ban

Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX

The Guardian - UK

TikTok finalizes deal to form new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the U.S. that has been in discussion for years

The Independent UK

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Axios

TikTok closes deal to divest U.S. operations

The deal ends a yearslong saga to force TikTok's Chinese parent ByteDance to sell the company's U.S. operation.

Barchart

Oracle Fans Love the New TikTok Deal. But Does It Really Change the Bull Case for ORCL Stock?

The Larry Ellison-led company is finally set to own a stake in the popular social media platform owned by the Chinese.

International Business Times

TikTok US Operations Set to Spin Off Under Deal With Oracle, Silver Lake and MGX

TikTok plans to spin off its U.S. operations under a new American-led joint venture to comply with U.S. law.

PC Gamer

TikTok's US arm has been sold, in a deal that one Senate Democrat says won't do 'a thing to protect the privacy of American users'

The new company is owned by Oracle, Silver Lake, and Abu Dhabi state investment firm MGX.

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Euronews

TikTok strikes deal to keep operating in the US after months of uncertainty

International Business Times UK

ByteDance Signs TikTok US Deal As Forced Sale Fears Peak — Creators Face Upheaval

TikTok's future in the States has been secured through a deal with Oracle, Silver Lake, and MGX. After several extensions by Donald Trump to avoid a ban, ByteDance agreed to sell a majority stake to this US-led group.

International Business Times

ByteDance Signs Binding Deal To Spin Off TikTok US Into Majority-American Joint Venture

Under the deal, the U.S. version of TikTok will become majority-owned by American investors, satisfying the core requirement of a bipartisan law passed by Congress in 2024 that sought to address national security concerns tied to the app's Chinese ownership.

The Guardian - UK

TikTok signs Trump-backed deal to avoid US ban

Joint venture will take over part of app’s US operations, including data protection, algorithm security and content moderation

The Independent UK

TikTok signs deal to sell US unit to American investors, including Oracle, Silver Lake

TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States

Fortune

AI rivals like OpenAI, Nvidia, and Oracle are collaborating to build ‘Stargate’—but a Yale expert says it violates 135 years of antitrust law

Six AI leaders are uniting to form a single company. How is this possibly legal, asks Madhavi Singh of Yale’s Thurman Arnold Project, an initiative dedicated to antitrust issues.

Benzinga

Metagenomi Prioritizes Hemophilia A Program, Lays Off 25% Workforce

Metagenomi, Inc. (NASDAQ:MGX) on Tuesday shared new dose range finding data from its MGX-001 hemophilia A program.

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Yvonne Gonzalez Rogers

Tahnoon Bin Zayed Al Nahyan

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