Abu Dhabi’s MGX raises $49bn for AI investment fund

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Abu Dhabi’s MGX raises $49bn for AI investment fund

privateequitywire

1 day ago

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Abu Dhabi-based investment firm MGX has raised $49bn for one of the largest funds dedicated to artificial intelligence deals, exceeding its $45bn target, according to a report by Bloomberg.
The two-year-old firm reportedly attracted commitments from major institutional and private investors across the Middle East, North America, Asia and Europe. MGX has already begun deploying capital from the fund, which closed in recent weeks.
MGX is chaired by Sheikh Tahnoon bin Zayed Al Nahyan and backed by...

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