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David Sacks meets MGX: a new cooperation with the UAE?
By Davide Grammatica
Sheikh Tahnoon of UAE-based MGX met with David Sacks: a new technological cooperation between the USA and the United Arab Emirates is on the table
The meeting between Sacks and Tahnoon
The point of reference for the crypto and AI sector at the White House, David Sacks, recently met with Sheikh Tahnoon Bin Zayed Al Nahyan, president of the Abu Dhabi investment fund MGX.
We already talked about MGX in previous weeks, when they announced their investment of $2 billion in Binance. Today, however, there is a new project on the table for technological cooperation between the United States and the United Arab Emirates, to create new investment opportunities in the crypto and AI sectors thanks also to MGX’s intercession.
The meeting would also be particularly significant due to the fact that Tahnoon, in addition to being president of MGX, is also the brother of the President of the United Arab Emirates, with a position as the country’s National Security Advisor.
“I explored with David Sacks the transformative effects of artificial intelligence in various sectors, the growing role of digital currencies in reshaping financial systems, and the investment opportunities emerging from their convergence,” Tahnoon wrote on X.
I explored with @davidsacks47 , the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role of digital currencies in reshaping financial systems, and the investment opportunities emerging at their… pic.twitter.com/BXz5ZTl5FV
— Tahnoon Bin Zayed Al Nahyan (@hhtbzayed) March 20, 2025
The role of MGX
The fund’s firepower, already one of the main investors in AI, is considerable, with over 50 billion dollars coming directly from the personal assets of the sheikh.
The fund is already involved in American projects such as Stargate, the $100 billion data center project led by SoftBank and OpenAI, but it has also invested in Elon Musk’s xAI and Anthropic. At this point, it is not impossible that MGX’s role could become even more important in the US in the future.
President Trump himself, a few days earlier, had spoken of new possibilities for the economic and technological progress of the two countries through new partnerships.
