Abu Dhabi's MGX Said to Raise About $50 Billion for AI Push

MGX, an Abu Dhabi-based investment firm focused on artificial intelligence, has raised close to $50 billion from regional and global investors to accelerate spending on AI infrastructure and technology, according to a report. Bloomberg reported the figure on June 23, 2026, citing people familiar with the matter. The capital was said to have come from regional sovereign wealth funds, global pension funds and large institutional investors, though the names of investors and deal details remain undisclosed, and MGX has not issued an official announcement.