BREAKING
MGX Raises Nearly $50B for AI
0
B
raised (approx)
0
B
AUM target
0
B
annual spend
From $25B Plan to $50B Reality
1
Founded Mar 2024
↓
2
$25B raise weighed
↓
3
Up to $50B reported
↓
4
Raise materialized
Backers and Core Partners
Investors
LPs
●
Sovereign wealth funds
●
Pension and institutions
●
$500M minimum
Core Partners
Founders
●
Mubadala
●
G42
●
Under UAE AIATC
Backing OpenAI, Anthropic, xAI
Disclosure Still Awaited
AI NEWS BLITZ
Abu Dhabi's state-backed MGX has reportedly raised close to fifty billion dollars for AI.