The Abu Dhabi Investment Authority (ADIA) is ramping up its investments in Artificial Intelligence (AI) as it participated in the $200 million seed round of a US-based firm that operates in life sciences. Financial details of the investment, conducted through a wholly owned subsidiary of ADIA, have not been disclosed.

Binance has scored a massive $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund. The investment is Binance’s first institutional deal since Changpeng Zhao founded it in 2017. Binance,

Binance announced Wednesday that Abu Dhabi-based AI and tech investor MGX has put $2 billion into the company, paid in stablecoins.