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Recently, the UAE and France reached a significant agreement to jointly construct a grand AI park. This project will include a powerful data center, expected to have computing capabilities of up to one gigawatt, marking another important investment in Europe’s artificial intelligence sector. The agreement was signed in the presence of French President Emmanuel Macron and UAE President Mohamed bin Zayed Al Nahyan. Image source note: Image generated by AI, image licensed by Midjourney according to the agreement, this AI park

Recently, reports have emerged that the UAE's sovereign investment company MGX is considering participating in a multi-billion dollar financing round for OpenAI. According to The Wall Street Journal, MGX has not yet determined the specific amount of its investment, while OpenAI is seeking to raise $6.5 billion and increase the company's valuation to $150 billion. This financing plan has the support of venture capital firm Thrive Capital, and Microsoft may also be involved, given its engagement since 2019.