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Tag: MGX

The MGX Fund is a sovereign-backed investment platform focused on artificial intelligence, advanced technologies, and semiconductor ecosystems. Based in Abu Dhabi, it deploys large-scale capital into global AI infrastructure, data centers, and next-generation computing to position the UAE as a leader in the AI economy.

$49 billion AI fund by Abu Dhabi’s MGX closes above its $45 billion target

$49 billion AI fund

$49 billion AI fund by Abu Dhabi’s MGX closed this week above its original target. The firm set out to raise $45 billion and finished the round with $49 billion. Investors from the Gulf, North America, Asia, and Europe supplied the new pool of capital. MGX said the fund gives backers exposure across the whole […]