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

Abu Dhabi’s MGX Raises $49 Billion for One of the Biggest Ever AI Funds
Bloomberg Markets Wednesday 01 July 2026, 06:00 UTC By Dinesh Nair 1 min read
Key Points

Abu Dhabi’s MGX Raises $49 Billion for One of the Biggest Ever AI Funds 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. The Emirati firm attracted investments from a group of major institutional and private investors from the Middle East, North America, Asia, and Europe, according to a statement on Wednesday. The total...

Abu Dhabi’s MGX Raises $49 Billion for One of the Biggest Ever AI Funds 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. The Emirati firm attracted investments from a group of major institutional and private investors from the Middle East, North America, Asia, and Europe, according to a statement on Wednesday. The total money raised came in above a target of $45 billion, it said.
Abu Dhabi’s (PERSON) MGX (ORG) Abu Dhabi (LOCATION) Emirati (ORG) the Middle East (LOCATION) North America (LOCATION) Asia (LOCATION) Europe (LOCATION)
Originally published by Bloomberg Markets Read original →

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