Tahnoon Bin Zayed Al Nahyan, a senior UAE official, claimed to have discussed the growing usage of cryptocurrency with White House crypto and AI czar David Sacks.
David Sacks, the White House’s czar for AI and cryptocurrency, was one of many Trump administration officials who recently met with representatives of the United Arab Emirates to talk about new technology and the country’s possible intentions to boost its investment in the US.
In a March 20 X post, Sheikh Tahnoon Bin Zayed Al Nahyan, the national security adviser for the Gulf nation and the president’s brother, stated that he had discussed AI’s effects, “the expanding role of digital currencies,” and “the investment opportunities emerging at their convergence” with Sacks.
Following his March 18 dinner with Tahnoon at the White House, US President Donald Trump wrote on his Truth Social platform that he and other top US officials talked about “methods for our countries to increase our partnership for the advancing of our economic and technological futures.”
Tahnoon (right) and David Sacks (left) meet to talk about AI and cryptocurrency. Tahnoon Bin Zayed Al Nahyan is the source.
According to Bloomberg, Tahnoon intended to highlight the UAE’s intentions to construct digital infrastructure in the US and talk about how the nation may have greater access to computer chips after the Biden administration banned their exports in 2023.
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Trump launched a $500 billion private-led initiative named “Stargate” to develop AI data centers around the United States a few days after his return to the White House, and Tahnoon is the head of the investment company MGX, which is allegedly planning to spend $7 billion in the project.
MGX, which earlier this month invested $2 billion in Binance, is just a tiny portion of Tahnoon’s $1.5 trillion empire, which also owns the biggest bank in the UAE, First Abu Dhabi Bank, two sovereign wealth funds, and the AI development company G42.
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