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The Nexus
BUSINESSJul 1 · 09:08 UTCCNBC TOP

UAE's MGX raises one of the biggest AI funds ever as it closes at $49 billion

UAE's MGX raised a $49 billion AI fund, making it one of the largest. The company backs major AI firms like OpenAI, Anthropic, and Elon Musk's xAI, which is set to merge with SpaceX.

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MGXorganizationUAEplaceOpenAIorganizationAnthropicorganizationxAIorganizationElon MuskpersonSpaceXorganization
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