AIAxios Techabout 8 hours ago
Abu Dhabi-backed MGX raises $50B for AI bets
1 min read
MGX, the Abu Dhabi-backed investor in OpenAI and xAI, has raised nearly $50 billion for AI sector investments. The fund raised capital from sovereign wealth funds and other investors. Founded in 2024, MGX has written large checks to foundational AI models including Anthropic.
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