Business · World

Abu Dhabi’s MGX Raises $49 Billion for Major AI Fund

1 sourceFirst reported 21 days agoUpdated 21 days ago

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MGX, a two-year-old firm based in Abu Dhabi, has successfully raised $49 billion for an artificial intelligence fund.
This amount is one of the largest ever raised for AI-focused investments.
The significant funding positions MGX among the top investors within the global AI sector.
The fundraising is seen as a major step for the firm in influencing future AI developments and investments.
The announcement was made on July 1, 2026.

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AI summary: catch up in 20 seconds

MGX, a two-year-old firm based in Abu Dhabi, has successfully raised $49 billion for an artificial intelligence fund.
This amount is one of the largest ever raised for AI-focused investments.
The significant funding positions MGX among the top investors within the global AI sector.
The fundraising is seen as a major step for the firm in influencing future AI developments and investments.
The announcement was made on July 1, 2026.

Generated by AI from the 1 sources below · always verify with the originals