MGX, an Abu Dhabi-based investment firm for AI, and Nvidia announced on Monday plans to build the largest AI campus in Europe along with French companies.
The campus, which will be built near Paris, is expected to reach a capacity of 1.4 gigawatts, the companies said in a joint statement. Bpifrance, Mistral AI and the French national investment bank are joining MGX and Nvidia in the joint venture. The companies made the announcement at the Choose France Summit in Versailles.
“At MGX, we see AI as the most transformative force of our time, and believe open, enduring infrastructure is key to unlocking its broad societal impact,” said Ahmed Yahia, MGX managing director and chief executive.
President Sheikh Mohamed and French President Emmanuel Macron met in Paris in February, where the investment of an AI campus in France was discussed. The UAE and France have maintained a Comprehensive Strategic Energy Partnership since 2022.
The companies said the campus will include the first purpose-built intelligence hub in Europe that will support “the full AI life cycle”.
“The France AI Campus will accelerate breakthroughs across science, education, public services, and business, fuelling Europe’s next wave of innovation,” Mr Yahia said.
Jensen Huang, Nvidia's chief executive, added: “The AI Campus will be transformational infrastructure for France – built in France, to fuel France in the era of AI. It will revolutionise science, education, and industry.”
Other partners in the joint venture include the French engineering group Bouygues, the low-carbon energy firm EDG Group, France’s national electricity transmission operator RTE and the engineering university Ecole Polytechnique. The French institution also has a collaboration with the Mohamed Bin Zayed University of Artificial Intelligence in Dubai.
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
Killing of Qassem Suleimani
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
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4pm Al Bastakiya Listed US$300,000 (Dirt) 1,900m
4.35pm Mahab Al Shimaal Group 3 $350,000 (D) 1,200m
5.10pm Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m
5.45pm Burj Nahaar Group 3 $350,000 (D) 1,600m
6.20pm Jebel Hatta Group 1 $400,000 (T) 1,800m
6.55pm Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m
7.30pm Dubai City Of Gold Group 2 $350,000 (T) 2,410m
The National selections:
4pm Zabardast
4.35pm Ibn Malik
5.10pm Space Blues
5.45pm Kimbear
6.20pm Barney Roy
6.55pm Matterhorn
7.30pm Defoe
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
