MGX raises a $50bn AI fund and is already spending it

TNW•Tue, Jun 23, 2026, 12:24 PM•2 min read

Abu Dhabi’s MGX AI fund has raised close to $50bn. For the first time, the emirate leaned on outside investors to do it, and the money is already going out the door. MGX is the Abu Dhabi investment firm built for the AI era.

Source: [TNW](https://thenextweb.com/news/mgx-ai-fund-50bn-abu-dhabi)

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