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Abu Dhabi-backed MGX raises $50B for AI bets

It cements MGX as one of the largest tech funders out there.

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axios.comStai leggendo1 mese fa

Abu Dhabi-backed MGX raises $50B for AI bets

It cements MGX as one of the largest tech funders out there.

originale

thenextweb.com1 mese fa

MGX AI fund hits $50bn as Abu Dhabi courts outsiders

MGX closed a $50bn fund, tapping external capital for the first time to back OpenAI, Anthropic, xAI and AI infrastructure. The size reflects that frontier model training and data-centre hardware now cost tens of billions yearly—forcing capital consolidation and positioning Abu Dhabi as geopolitical AI infrastructure hub.

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Timeline cronologica

martedì 23 giugno 2026·thenextweb.com
MGX AI fund hits $50bn as Abu Dhabi courts outsiders
Abu Dhabi's MGX AI fund has raised nearly $50bn from outside investors and is already deploying it across OpenAI, xAI, chips and data centres.
martedì 23 giugno 2026·cryptobriefing.com
Abu Dhabi's MGX raises nearly $50 billion to fuel AI investments
Abu Dhabi's MGX has raised nearly $50 billion for AI investments, including a record $2 billion Binance stake, as it targets $100 billion in assets under

Abu Dhabi-backed MGX raises $50B for AI bets

MGX AI fund hits $50bn as Abu Dhabi courts outsiders

Timeline cronologica

MGX AI fund hits $50bn as Abu Dhabi courts outsiders

Abu Dhabi's MGX raises nearly $50 billion to fuel AI investments

Abu Dhabi's MGX raises nearly $50 billion to fuel AI investments

Abu Dhabi-backed MGX raises $50B for AI bets