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Abu Dhabi's MGX, chaired by Sheikh Tahnoon bin Zayed (the UAE's national security adviser), raised around $50 billion(約8兆円) from regional sovereign wealth funds and global investors. The fund, launched in 2024, has already invested in funding rounds for OpenAI, xAI, and Anthropic.
Why it matters
The size and international backing of MGX signal Abu Dhabi's serious commitment to establishing itself as a credible global AI investor. The fund's scale reflects the region's strategy to use AI to help diversify its economy beyond oil and gas.
What to watch
MGX was initially backed by two other Abu Dhabi funds, Mubadala and G42, showing how regional institutions are coordinating to build AI investment capacity at a global scale.
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