Gulf investors deepen stakes in US tech
US President Donald Trump signed an executive order allowing the sale of US social media giant TikTok's operations to a group of non-Chinese investors, including United Arab Emirates-based artificial intelligence fund MGX.
Welcome back to Al-Monitor FutureVerse.
This week, we look at how America’s TikTok habit could soon mint money for the United Arab Emirates, as US President Donald Trump advances a plan to sell the social media giant’s US business to new investors. This edition also covers a video-game-changing investment, new regional tech investment funds worth over $500 million, Sam Altman’s Abu Dhabi visit, and other key developments.
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Sam (@sam_wendel)
