The technology sector just witnessed a seismic shift. With the announcement that Abu Dhabi’s tech investment vehicle, MGX, has raised a staggering US$49 billion for a dedicated artificial intelligence fund, the global tech landscape has officially entered a new era. This is not just another venture capital pool; the Abu Dhabi MGX AI fund represents a massive institutional validation of AI as the defining economic engine of the next century. By eclipsing its original US$45 billion target, MGX isn't merely participating in the tech boom-it is aggressively positioning itself to dictate its direction. What makes the new Abu Dhabi MGX AI fund a game-changer? In my view, the sheer scale of this fund alters the venture capital ecosystem entirely. Raising US$49 billion in a climate where some tech stocks are experiencing volatility shows incredible contrarian conviction. This capital gives MGX unmatched structural leverage. The fund allows Abu Dhabi to anchor the most capital-intensive pr...
Pakistan Cricket Board has announced its 15-man squad for the upcoming ICC Champions Trophy 2025, slated to be hosted by Pakistan between February 19 and March 9. ¹ The very same squad is going to compete in a three-nation ODI series played against New Zealand and South Africa in Lahore and Karachi, preceding the Champions Trophy. The team has seen four changes since the last ODI series in South Africa, with Abdullah Shafique, Muhammad Irfan Khan, Saim Ayub, and Sufyan Moqim making way for Faheem Ashraf, Fakhar Zaman, Khushdil Shah, and Saud Shakeel. Mohammad Rizwan will lead the team as captain, while Salman Ali Agha will be the vice-captain. The team, that comprehensively won the 2017 title, comprises three members Babar Azam, Faheem Ashraf, and Fakhar Zaman. Haris Rauf, Shaheen Shah Afridi, and Saud Shakeel, the others in this team, also played for the country when it last participated in the 50-over ICC tournament, ICC Men's 50-over Cricket World Cup 2023. Ever since the IC...