TECHNOLOGYJul 1 · 06:00 UTCBLOOMBERGDinesh Nair

Abu Dhabi’s MGX Raises $49 Billion for One of the Biggest Ever AI Funds

Abu Dhabi’s MGX has raised $49 billion for one of the largest AI funds ever. The funding highlights significant investment in artificial intelligence development.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Abu DhabiplaceMGXorganizationAItopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJun 1 · 20:55 UTC
Alphabet Announces $80B Equity Capital Raise to Expand AI Infra and Compute
BUSINESSMay 28 · 23:26 UTC
Anthropic valued at close to a trillion dollars in new funding round
BUSINESSApr 17 · 02:55 UTC
New leaders, new fund: Sequoia has raised $7B to expand its AI bets
BUSINESSApr 24 · 18:50 UTC
Google plans to invest even more money into Anthropic
BUSINESSJun 3 · 09:00 UTC
DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL
TECHNOLOGYJun 19 · 13:24 UTC
‘We’re all in’: Alibaba’s Joe Tsai makes biggest AI push yet at VivaTech