Meet MGX: The UAE's sovereign wealth fund working with TikTok, Microsoft and BlackRock

Core Insights - MGX, a firm backed by the Abu Dhabi sovereign wealth fund, is emerging as a significant player in major tech deals, including TikTok's US business and a $40 billion acquisition of Aligned [2][4]. Group 1: MGX's Involvement in Major Deals - MGX is part of a consortium with Microsoft and BlackRock to invest $100 billion in AI infrastructure in the US [3]. - The firm has previously partnered with Microsoft for AI data centers in the Middle East and received a $1.5 billion investment from Microsoft in its sister company, G42 [3]. - MGX's involvement in TikTok's US business raises concerns about foreign investment in a deal focused on national security [4]. Group 2: Leadership and Strategic Connections - MGX is led by Tanun bin Zayed al-Nayan, who is the UAE's national security adviser and the brother of the UAE president [4]. - The firm has a connection to former President Trump, having invested $2 billion in Binance using coins from the Trump family's World Liberty Financial [5]. - MGX announced a $1.5 trillion investment in the US over the next decade, highlighting its strategic importance in US economic interests [5]. Group 3: Market Perception and Risks - Analysts suggest that MGX's financial strength and willingness to diversify beyond oil make it an attractive partner for US firms, especially in the context of countering Chinese influence in AI [6]. - There are concerns about MGX's close ties to Trump, but these relationships have been beneficial for business so far [6].