AIThe Next Webabout 10 hours ago
MGX raises $50bn AI fund and starts spending
1 min read
Abu Dhabi's MGX closed a nearly $50bn AI fund from outside investors including sovereign wealth funds and global pensions. The firm already holds stakes in OpenAI, Anthropic, and xAI. MGX is now exploring a multi-billion-dollar acquisition of Singapore-based data-centre operator DayOne.
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