True. Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's National Security Advisor and chairman of International Holding Company (IHC, 240 billion market cap), controls a significant portion of the company through his business empire, with Royal Group holding the majority stake. Abu Dhabi's International Holding Company (IHC) acquired a 10% stake in the cryptocurrency firm Phoenix Group through its subsidiary, International Tech Group, according to a disclosure on the Abu Dhabi Securities Exchange (ADX).
Interesting take here. Again not directly related to TCRI but I like that one point. ? Position UAE as advanced data center leader
NO DOUBT - H.H. Shaikh Tahnoon is the man of the year! 🇦🇪
He is propelling UAE to the forefront of the global AI race.
In just few weeks, he:
? Invested $1.4 trillion in AI projects in the US ? Joined $30 billion AI partnership with xAI, NVIDIA ? Set up MGX AI fund with BlackRock and Microsoft ? Position UAE as advanced data center leader ? Led M42 effort to ~ 1 million genomes mapping ? Engaged with global tech leaders
Make no mistake: the UAE is ALREADY a global leader in AI
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