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Why the New Abu Dhabi MGX AI Fund Changes Global Tech Forever

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...
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PM announces 100,000 free laptops for students PM says distribution of laptops will cover all four provinces and will be based purely on merit, without any nepotism

Prime Minister Shehbaz Sharif announced the distribution of 100,000 free laptops among talented students across the country on merit, during an International Youth Day event in Islamabad on Tuesday.

Premier stated that the distribution of these laptops will cover all four provinces, the federal capital Islamabad, Gilgit-Baltistan, and Azad Kashmir, and will be based purely on merit, without any nepotism. He added that these laptops would be separate from the scheme for laptops through interest-based loans.


Referring to Operation Bunyanum Marsoos, the prime minister mentioned that Pakistan’s victory on May 10 against a numerically larger and more boastful enemy had instilled a new vigour in the entire nation.

He urged the youth to build on the spirit of this achievement and work hard to bring honour to the country.

Earlier, during the ceremony, Chairman of the Prime Minister’s Youth Program, Rana Mashhood, said the government’s merit-based programs for youth had enabled talented and deserving students to succeed in their lives.

He highlighted various landmark projects that continue to help thousands of students complete their education, such as the Pakistan Education Endowment Scheme, the Pakistan Daanish Authority, and the Prime Minister’s laptop scheme.


Speaking at the occasion, Minister of State for Religious Affairs and Interfaith Harmony Khael Das said that minority communities in Pakistan have always played—and will continue to play—a role in the country’s progress and development.

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