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Abu Dhabi's MGX Raises About $50 Billion for AI Investments

  • Funding & M&A
  • Infra & Chips

MGX (MGX Fund Management Limited), an Abu Dhabi-based AI and advanced-technology investment firm, has raised about $50 billion from regional sovereign wealth funds, global pension funds and institutional investors, according to reports. The fund is intended to accelerate investment in AI infrastructure and technology, and is positioned as one of the largest ever dedicated to AI deals.

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