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Chairing the first-ever MGX board meeting is Tahnoun bin Zayed.

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His Highness Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, chaired the inaugural board meeting of MGX. During the meeting, His Highness emphasized that the establishment of MGX, a UAE national company focused on artificial intelligence (AI) and advanced technologies, aims to support the creation of a future where technology fosters a more prosperous, sustainable, and interconnected world.

The board meeting was attended by prominent figures including His Excellency Khaldoon Khalifa Al Mubarak, MGX Vice-Chair, and His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Peng Xiao, and Ahmed Yahia Al Idrissi. The board approved several critical governance and financial matters to propel the company forward.

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Ahmed Yahia Al Idrissi, CEO of MGX, remarked that under the guidance and vision of His Highness Sheikh Tahnoun bin Zayed, MGX is embarking on a journey to establish itself as an AI-focused investment powerhouse in Abu Dhabi. The company aims to partner with leading AI companies globally to drive the next wave of technological breakthroughs. MGX is dedicated to advancing and deploying cutting-edge technologies intended to enhance the lives of current and future generations.

The Artificial Intelligence and Advanced Technology Council (AIATC) announced the formation of MGX in March 2024 through a partnership between Mubadala and G42. Established in January 2024 and chaired by His Highness, AIATC is responsible for developing and implementing policies and strategies related to research, infrastructure, and investments in AI and advanced technology in Abu Dhabi. The council also collaborates with local and global partners to enhance Abu Dhabi's standing in AI and advanced technology fields.

May 28, 2024 5:14 p.m. 399

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