Abu Dhabi

MGX, an Abu Dhabi-backed AI investment platform, closed its MGX Fund I at $49 billion, exceeding its $45 billion target and creating one of the largest dedicated AI capital pools globally. The fund, l…

Abu Dhabi sovereign wealth fund MGX closed a $49 billion AI fund on July 1, 2026, exceeding its initial $45 billion target. The fund, one of the largest focused on AI, has already backed 14 companies …