Abu Dhabi’s MGX Raises About $50 Billion to Accelerate AI Deals

Abu Dhabi’s MGX Raises About $50 Billion to Accelerate AI Deals Abu Dhabi’s MGX has raised close to $50 billion from regional and global investors to accelerate spending on artificial intelligence infrastructure and technology, according to people familiar with the matter. The firm raised capital from regional sovereign wealth funds, as well as global pension funds and large institutional investors, according to people familiar with the matter, who asked not to be identified discussing confidential information.