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97 Abu Dhabi’s MGX closes record $49 billion AI fund to invest across AI infrastructure, chips, and AI companies after backing OpenAI, Anthropic, and xAI

Startups News
Nickie Louise @ Startups News 3 place · today 09:43 EDT

Abu Dhabi’s MGX closes record $49 billion AI fund to invest across AI infrastructure, chips, and AI companies after backing OpenAI, Anthropic, and xAI

The race to finance artificial intelligence just reached another milestone. Abu Dhabi investment firm MGX has closed a record $49 billion AI fund, creating one of the largest investment vehicles dedicated to artificial intelligence at a time when investors are ...

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