Abu Dhabi's AI Vision: The Launch of the MGX and Microsoft $30 Billion Fund
Wednesday, 18 September 2024, 02:53
Abu Dhabi's Major Investment in AI
In a groundbreaking initiative, Abu Dhabi has partnered with MGX and Microsoft to launch a remarkable $30 billion fund aimed at enhancing artificial intelligence capabilities globally. The investment strategy primarily targets the US, with a provision for a share to be distributed among partner countries.
Objectives of the Fund
- Boost AI Innovation: The fund is focused on fueling advancements in artificial intelligence.
- Drive Economic Growth: Aiming to create new job opportunities and stimulate economic development.
- Collaborative Approach: Involvement of BlackRock highlights a broader commitment to technological advancement.
The MGX and Microsoft collaboration exemplifies how technology companies can join forces to leverage enormous financial resources, further driving industry standards and innovation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.