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The Latest Breaking News from MGX

Senate Democrats demand top Trump advisor Steve Witkoff provide details on crypto investments, lack of divestment

The president’s special envoy to the Middle East reported in August that he still owned a Trump-linked cryptocurrency.

Fortune

Groups including BlackRock, Microsoft, Nvidia, and xAI join forces to acquire Aligned Data Centers — $40B deal delivers 5GW of operational and planned data center capacity

Microsoft, Nvidia, and xAI partner with asset management firm BlackRock under AIP to make massive investments in data center infrastructure.

Tom’s Hardware

TikTok's (Sorta) American Owners

Plus: James Comey indicted, some New York schools stripped of funding, NATO being tested, and more...

Reason

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read the most diverse news in one place.

Abu Dhabi royal family to take stake in TikTok US under Trump deal

MGX, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, will take 15% stake, with social media firm valued at $14bn

The Guardian - UK

MGX as a No-Code App Builder with Multi-Agent AI: What Sets It Apart

Creating an app has traditionally been a complicated process. It usually entails programming, interface design, and multiple test runs before release. MGX is changing this approach by acting as a no‑code app builder with multi‑agent AI. This tool enables individuals and companies to develop applications fast without even a single…

inkl

TSMC reopening discussions with Washington to build chip manufacturing plant in UAE — report

TSMC is allegedly in talks with Washington to consider the possibility of opening an advanced chip fab in the Middle East.

Tom’s Hardware

‘Roadmap for corruption’: Trump dive into cryptocurrency raises ethics alarm

The president’s hawking of $Trump memecoin has sparked a firestorm of criticism over potential influence buying

The Guardian - US

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As Trump Family's Gulf Empire Grows, Rulers Seek Influence, Arms, Tech

Ahead of US President Donald Trump's Gulf visit next week, his son Eric was promoting his crypto firm in Dubai, while Don Jr prepared to talk about "Monetising MAGA" in Doha.

International Business Times

Binance founder “CZ” seeks pardon from President Trump after four month stint in prison

Changpeng Zhao, former Binance CEO, resigned in 2023 after pleading guilty to money-laundering charges.

Fortune

How the Trump family is poised to profit from a $2 billion Middle East crypto deal that uses their stablecoin

The transaction has prompted Democrats to reverse course on bipartisan stablecoin legislation.

Fortune

Trump Family's 'Shady' Crypto Venture In Question Over UAE Government-Backed Firm Deal

World Liberty Financial is once again under scrutiny after some X users, including Sen. Warren, raised issue about the deal the Trump-backed crypto venture sealed with Abu Dhabi-backed MGX and crypto exchange titan Binance.

International Business Times

How Trump's Crypto Reserve is Reshaping Institutional Investments

Bitcoin's price has surged nearly 1,500% since March 2020, and 47% of traditional hedge funds are now holding cryptocurrency—a significant rise from 29% in 2023.

International Business Times

$BNB Pumps After Binance Secures 'Single Largest Investment' In Crypto From Abu Dhabi's MGX

$BNB prices were up Wednesday after Binance announced it secured a $2 billion investment from UAE tech firm MGX, marking the single largest investment in a crypto company so far.

International Business Times

Binance nets biggest ever crypto investment as UAE-backed MGX puts in $2 billion

The investment came in the form of stablecoins and reflects the growing presence of crypto in the Middle East.

Fortune

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Fortune

Elon Musk bashes Trump-backed $500 billion AI mega project

Elon Musk and Sam Altman are beefing on X.

Al Jazeera

Stargate: What is Trump’s new $500bn AI project?

AI giants join forces for a massive project aimed at growing technology in the United States.

Top News

Trump Announces 0 Billion AI Infrastructure Investment Partnership

President Trump's 0 billion AI infrastructure project, Stargate, aims to revolutionize AI technology with key partners Oracle and SoftBank.

TechRadar

OpenAI signs deal with Oracle, Softbank for $500bn expansion across US

Project Stargate will focus on upgrading AI infrastructure across the US, creating new jobs as it goes.

Get all your
news in one place.

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Fortune

Sam Altman, Larry Ellison, and Masayoshi Son join Trump to announce massive $500 billion Stargate project with the SoftBank CEO as chairman

OpenAI, Oracle, SoftBank, and MGX are the lead partners in Stargate, according to OpenAI.

Barchart

2 ‘Monster’ Stocks to Snap Up Before 2025

Analysts at Jefferies have identified Metagenomi and Structure Therapeutics as two "monster" stocks in the biotech sector, with potential gains of up to 1,000%.

International Business Times

Microsoft, BlackRock join hands to raise $100 billion for AI data centers

The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, and the other participants in the group are Global Infrastructure Partners, an infrastructure investor soon to be part of BlackRock, and MGX, a tech investor in the UAE.

Tom’s Guide

Corsair K70 Max review

The Corsair K70 Max has a familiar design but its programmable magnetic switches arguably make it the company’s best keyboard yet.

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