"Invidia" and the Emirati "Mgx"

Invidia and investment company Mgx, affiliated with Abu Dhabi, are working with French businesses to construct the largest complex of artificial intelligence centers in Europe, which improves French and Emirati ambitions in this area. The two companies announced in a joint statement on Monday with the French government investment business “BPince Saca” and Mistral AI, the leading national intelligence company, announced that the goal is to build a complex near Paris with a capacity of 1.4 GB. The announcement came during the “Select France” summit held in Versailles. The UAE plans to invest in French data. This initiative stems from broader cooperation agreements in the field of artificial intelligence that concluded in February, when the President of the Emirates, Sheikh Mohammed bin Zayed Al Nahyan, visited Paris and met French President Emmanuel Macron. These discussions included Emirati plans to invest up to 50 billion euros ($ 56.4 billion) in French databases, according to “Bloomberg News” at the time. This agreement combines the UAE’s desire to diversify its economy and expand its political influence, and France’s efforts to develop the such sovereign artificial intelligence in Europe. Macron previously announced investments worth 109 billion euros in the artificial intelligence infrastructure as part of its efforts to compete with the United States and China. Investment of two billion, including partners in the Bouygues SA, the EDF Group industry company, and Ecole Polytechnique University of Science and Engineering, which also has a partnership with Mohamed Bin Zayed University for Intelligence University in Abu Dhabi. The data center complex represents an investment of 8.5 billion euros, and the first phase will start working in 2028, according to a separate statement issued by the Macron Office. The MGX previously supported ‘Xai’, ‘Xai’, which is one of the entities contributing to the financing of US President Donald Trump’s plan to invest in 100 billion in artificial intelligence, known as ‘Stargate’. Sheikh Tahnoon bin Zayed Al Nahyan, who is also at the head of the G42 G42, an Emirati Technology Bloc, is under the supervision of one of the most important transactions in the world.