TechFlow reports, according to the official website of Abu Dhabi-based investment firm MGX, that Tahnoun bin Zayed Al Nahyan, Chairman of MGX's Board, serves as Deputy Ruler of Abu Dhabi and National Security Advisor. He is also the son of Zayed bin Sultan Al Nahyan, the founding father of the UAE.
MGX was established in March 2024 by the Abu Dhabi Council for Artificial Intelligence and Advanced Technology (AIATC). The council itself was formed in January 2024 with Tahnoun bin Zayed Al Nahyan as its chairman, tasked with formulating and implementing policies and strategies related to artificial intelligence and advanced technologies within the Emirate of Abu Dhabi.
Earlier reports indicated that MGX invested $2 billion in Binance, setting a new record in the cryptocurrency industry.
