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

🇦🇪 Bloomberg (AE) —

AI Summary

Abu Dhabi’s MGX has raised $49 billion for one of the largest funds dedicated to artificial intelligence investments, establishing itself as a major global player in the AI sector. This significant fund supports MGX's ambitions in AI deals worldwide.

MGX has raised $49 billion for one of the biggest ever funds dedicated to artificial intelligence deals, propelling the two-year-old Abu Dhabi firm into the ranks of the most consequential investors in the sector globally.

Markets Deals AI & Tech MGX artificial intelligence investment fund Abu Dhabi technology investing AI deals

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