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Who/what is MGX? Google returns a few hits, none of which are clearly who is referred to here.

MGX is an arm of the United Arab Emirates' sovereign wealth operation: https://www.mgx.ae/en

I feel like that, along with SoftBank's investment, tell me everything about how serious this project is.

Don't worry, Oracle is also involved.

Skynet will be written in Java. I'm sorry, the verbose language wins

at least that explains why it wants to do us in.

Damn, we really won't ever be able to understand it.

A sheikh, a famously overzealous Japanese firm and Larry Elisson walk into a bar.

Ordinarily a joke would follow, but now America is volunteering to be the punchline.

They buy the bar and argue over selling 40 virgins, sake, or whiskey.

They argue for about 4 years, nothing changes, and everyone forgets about it.

What do you mean?