BUSINESSJun 23 · 12:17 UTCSEMAFORMatthew Martin

Abu Dhabi’s MGX secures $50B for AI investments

Abu Dhabi’s MGX has raised $50 billion for AI investments, supported by regional sovereign wealth funds and global investors. The fund, launched in 2024 and chaired by Sheikh Tahnoon bin Zayed, aims to diversify the economy through AI. It has already invested in OpenAI, xAI, and Anthropic.

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MGXorganizationAbu DhabiplaceSheikh Tahnoon bin ZayedpersonMubadalaorganizationG42organizationOpenAIorganizationxAIorganizationAnthropicorganization

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