5/8/2025, 10:00:06 pm

Abu Dhabi's MGX may raise up to $25 billion for AI fund

MGX is considering raising up to $25 billion in third-party capital to expand its artificial intelligence holdings. No final decisions have been made. The Abu Dhabi-based investment group may raise money from financial and strategic investors, aside from its main backers Mubadala Investment Co and G42, chaired by Sheikh Tahnoon bin Zayed Al Nahyan and a brother of UAE President.