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Developing3 outlets · over 5 hours

MGX closes $49 billion AI fund

UAE-based MGX closed a $49 billion AI fund. The firm plans to invest $10 billion annually from the fund. The closing marks a record for AI-focused fundraising.

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The story so far3 updates, latest first.

LatestWhat changed: Closed the fund
MGX closes record $49 billion AI fund
TTechStartups·about 4 hours ago
+ raises, annual, spend
MGX raises $49B AI fund, plans $10B annual spend
TTechmeme·about 4 hours ago
UAE's MGX closes $49 billion AI fund
CCNBC Tech·about 8 hours ago

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