Sheikh Tahnoon bin Zayed
Coverage of Sheikh Tahnoon bin Zayed in the Nexus archive.
- US nuclear firm aims to get UAE plans back on track
US-based nuclear energy startup Nano Nuclear aims to resume its partnership with the UAE to develop small modular reactors (SMRs) after delays caused by the Iran war. The company signed an agreement with EHC Investment, linked to UAE National Security Adviser Sheikh Tahnoon Bin Zayed, and is exploring potential investments and dual listings in Abu Dhabi. Discussions with Saudi Arabia about SMRs and plans for a first reactor in Illinois by 2030 are also mentioned.
- Abu Dhabi’s MGX secures $50B for AI investments
Abu Dhabi’s MGX has raised $50 billion for AI investments, supported by regional sovereign wealth funds and global investors. The fund, launched in 2024 and chaired by Sheikh Tahnoon bin Zayed, aims to diversify the economy through AI. It has already invested in OpenAI, xAI, and Anthropic.
- UAE ups pre-IPO stake in Anthropic
UAE-based MGX increased its pre-IPO stake in Anthropic following a $65 billion fundraise, which values the AI company at $965 billion. MGX, chaired by Sheikh Tahnoon bin Zayed, holds stakes in Anthropic, OpenAI, and xAI, all expected to go public in 2024. Anthropic initially rejected regional investments but later accepted funding from Gulf states including the UAE, Qatar, and Saudi Arabia.
- Phoenix Group makes AI data center pivot into Europe
Phoenix Group, an Abu Dhabi-based Bitcoin miner, is developing an 18MW AI data center in Lyon, France as part of a strategic pivot to small-scale AI infrastructure. The company aims to build over 1 gigawatt of capacity across Europe and the Gulf for approximately $8 billion, with construction expected to begin in July.