Abu Dhabi’s MGX, which is helping bankroll the $100 billion artificial intelligence venture touted by Donald Trump, is beefing up its US operations with hires from the likes of Apollo Global Management Inc. and Warburg Pincus LLC.
Abu Dhabi's MGX, a key investor in a $100 billion AI venture promoted by Donald Trump, is expanding its US operations, hiring executives from Apollo Global Management and Warburg Pincus. New hires include Andy Pickens as managing director and AI product lead, David Mamikonyan as chief security officer, and Emilio Mena Jr. as a managing director on the legal team. MGX, established in March 2024, aims to reach $100 billion in assets and has invested in AI firms like OpenAI, xAI, and Databricks.