Abu Dhabi's MGX Raises Nearly $50 Billion for AI Infrastructure in Recent Weeks

According to Bloomberg, Abu Dhabi's MGX, an AI-focused investment firm backed by Mubadala Investment Co. and G42, has raised close to $50 billion from regional sovereign wealth funds, global pension funds, and other large institutional investors for AI infrastructure and technology. The fund closed in recent weeks and has begun deploying capital. MGX invests in AI infrastructure, semiconductors, and core AI technologies, and has backed OpenAI and xAI alongside partnerships with BlackRock and Microsoft.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments