Abu Dhabi-based MGX has raised $49 billion, surpassing its $45 billion target, positioning itself as a major global player in artificial intelligence investments.
The fund was raised from institutional and private investors
Jul 01, 2026
04:35 pm
What's the storyAbu Dhabi-based MGX has raised a whopping $49 billion for one of the largest-ever funds dedicated to artificial intelligence (AI) investments.
The Emirati firm drew in capital from a host of institutional and private investors across the Middle East, North America, Asia, and Europe.
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