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1. philip+(OP)[view] [source] 2025-01-22 01:11:30
MGX has at least $100bn: https://www.theinformation.com/articles/a-100-billion-middle...

This is Abu Dhabi money.

replies(2): >>petese+z9 >>csomar+5j
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2. petese+z9[view] [source] 2025-01-22 02:10:34
>>philip+(OP)
This would be a large outlay even for UAE, who would be giving it to a direct competitor in the space: UAE is one of the few countries outside of the US who are in any way serious about AI.
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3. csomar+5j[view] [source] 2025-01-22 03:26:11
>>philip+(OP)
That's their total fund and I doubt they are going all in with it in the US. Still, to reach $500bn, they need $125bn every single year. I think they just put down the numbers they want to "see" invested and now they'll be looking for backers. I don't think this is going anywhere really.
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