- Sheikh Tahnoon and David Sacks discussed AI’s impact and the role of digital currencies.
- The meeting followed MGX’s $2 billion investment in Binance.
- UAE aims to expand its tech investments in the U.S.
The UAE’s national security advisor and chairman of investment firm MGX, Sheikh Tahnoon Bin Zayed Al Nahyan, met with White House AI and crypto advisor David Sacks to discuss artificial intelligence, cryptocurrencies, and potential investment opportunities.
In an announcement on X, Sheikh Tahnoon noted that their discussion focused on AI’s growing role across industries and the growing significance of digital assets within global financial structures.
Focus of Discussion Between the UAE and US Advisors
Sheikh Tahnoon’s visit to the United States aimed to enhance economic and technological cooperation between the UAE and the US.
On March 18, President Donald Trump hosted him for dinner at the White House. Trump later stated on his Truth Social platform that their conversation focused on expanding trade, investment, and technological collaboration.
While specific details of their discussion weren’t made public, a key topic involved access to advanced computer chips. Bloomberg News reported that Sheikh Tahnoon addressed the challenges posed by U.S. export restrictions on semiconductor technology. The UAE is seeking ways to secure essential AI hardware as it expands its tech infrastructure.
Related: UAE Investors Watch as China Imposes Tariffs on the US – What’s Next?
In addition to his meeting with David Sacks, Sheikh Tahnoon also met with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. The UAE’s strategic investments in the U.S. are meant to strengthen the economic relationship between the two countries while also helping tech move forward.
MGX’s Growing Investment in Emerging Technologies
The meeting with US officials happened after MGX’s significant $2 billion investment in Binance. This deal, done through stablecoins, was the largest crypto-based investment ever.
Related: BNB Surges 7% After Binance Clinches $2 Billion from Abu Dhabi’s MGX
Beyond its Binance investment, MGX has committed significant capital to AI-driven projects. The firm is a key backer of the $100 billion Stargate data center project, which aims to support AI infrastructure development. MGX has also invested in OpenAI, Elon Musk’s xAI, and Amazon-backed Anthropic, reinforcing its position as a leading player in the AI industry.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/sheikh-tahnoon-discusses-ai-and-crypto-with-white-house-advisor-david-sacks/