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Abu Dhabi's AI investment firm MGX raises $49bn for new fund | The National
'Fund I' attracts interest from institutional and private investors from the Gulf, North America, Asia and Europe
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cryptobriefing.com
MGX raises $49B for one of the largest AI investment funds ever assembled
Abu Dhabi's MGX has raised $49 billion for an AI-focused investment fund targeting $100 billion in AUM, with ties to Binance, BlackRock, and the Stargate
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cnbc.com
UAE's MGX raises one of the biggest AI funds ever as it closes at $49 billion
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk's xAI, prior to its merger with SpaceX.
