'Fund I' attracts interest from institutional and private investors from the Gulf, North America, Asia and Europe

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

The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk's xAI, prior to its merger with SpaceX.

'Fund I' attracts interest from institutional and private investors from the Gulf, North America, Asia and Europe