MGX has raised $49 billion for one of the biggest ever funds dedicated to artificial intelligence deals, propelling the two-year-old Abu Dhabi firm into the ranks of the most consequential investors in the sector globally.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-01/uae-abu-dhabi-s-mgx-raises-49-billion-for-one-of-the-biggest-ai-funds-ever)