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

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.

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

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