This Emirati Prince Controls Four Times Elon Musk's Wealth and He’s Going All-In on AI

The United Arab Emirates' so-called "spy sheikh" controls a whopping $1.5 trillion in wealth — and he's funneling a colossal stream of it into AI, making him one of the world's most powerful figures in the space. As the Wall Street Journal reports, Sheikh Tahnoon bin Zayed Al Nahyan — the son of the UAE's founder and brother to its crown prince, and at one time a top contender for the throne himself — has already swiftly begun achieving his dream of becoming a global AI power player thanks to MGX, his mysterious AI investment vehicle. Launched in 2024, this "investment fund of the future" boasts $100 billion in investments from Tahnoon, who along with possessing a purportedly vast personal fortune is the head of two Emirati wealth funds that put him in control of more than quadruple Elon Musk's net worth, which stands at roughly $356 billion. While we don't know much about the exactitudes of MGX's projects, the Abu Dhabi-based fund briefly went viral in January after being announced ... Read full article.