Abu Dhabi's MGX Secures $50 Billion for AI Investments
The two-year-old firm has become one of the world's largest dedicated AI investment vehicles.
MGX, the Abu Dhabi-based artificial intelligence investment firm launched in 2024, has secured around $50 billion in commitments from regional sovereign wealth funds and global investors, placing it among the world's largest dedicated AI funds.
Chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's National Security Adviser, MGX was established with backing from Mubadala and artificial intelligence company G42.
The commitments bring together regional sovereign wealth and international investors through an Abu Dhabi-based vehicle focused exclusively on artificial intelligence opportunities.
Since its launch, MGX has participated in funding rounds for several leading AI companies, including OpenAI, xAI and Anthropic, underscoring its ambition to become a major player in the sector.
The rapid accumulation of capital marks a significant milestone for the firm, which has grown from a newly established investment platform into one of the largest AI-focused funds globally in just two years.
The latest commitments also reflect growing investor appetite for artificial intelligence infrastructure and technologies, with Gulf investors increasingly positioning themselves as major backers of the industry.
