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According to Bloomberg, MGX is providing financial backing for Trump’s $100 billion AI initiative and has recently been actively involved in funding rounds for prominent AI companies, including OpenAI, Elon Musk’s xAI, and Databricks Inc. In January this year, MGX joined OpenAI, SoftBank Group Corp., and Oracle Corp. to support a $100 billion project called “Stargate.” In September last year, it partnered with BlackRock Inc. and Microsoft Corp. to launch a $30 billion plan aimed at building data warehouses and energy infrastructure. — link
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According to Bloomberg, MGX is providing financial backing for Trump’s $100 billion AI initiative and has recently been actively involved in funding rounds for prominent AI companies, including OpenAI, Elon Musk’s xAI, and Databricks Inc. In January this year, MGX joined OpenAI, SoftBank Group Corp., and Oracle Corp. to support a $100 billion project called “Stargate.” In September last year, it partnered with BlackRock Inc. and Microsoft Corp. to launch a $30 billion plan aimed at building data warehouses and energy infrastructure. — link