Abu Dhabi’s MGX Targets $100 Billion in AI With OpenAI, Anthropic Investments

Abu Dhabi’s investment vehicle MGX is racing to assemble more than $100 billion in assets under management and has emerged as a prominent backer of leading AI companies including OpenAI and Anthropic, Bloomberg reported. The fund — housed in Al Sarab Tower at Abu Dhabi Global Market Square — has made a string of high-profile bets since its inception and is pursuing a scale of capital that would position it among the world’s largest AI-focused investors.

"MGX was conceived in 2023, shortly after the launch of OpenAI’s ChatGPT sparked a global scramble for dominance in artificial intelligence," Bloomberg reporters Mark Bergen and Dinesh Nair wrote in a February 17, 2026 story updated on February 18, 2026.

• MGX was created in 2023 as a dedicated investment vehicle focused on artificial intelligence, according to the Bloomberg report.
• The fund is pursuing a target of more than $100 billion in assets under management, backed by Abu Dhabi’s sovereign wealth and close ties to Wall Street.
• In its most recent activity, MGX joined as a co-lead investor in Anthropic’s latest funding round, the Bloomberg article says, underscoring the vehicle’s direct capital commitments to leading AI labs.
• MGX has also been linked publicly to investments involving OpenAI, reflecting Abu Dhabi’s strategy of placing large, strategic bets on frontier AI developers.
• The story was illustrated with a photograph of Al Sarab Tower at Abu Dhabi Global Market Square by Christopher Pike/Bloomberg.

Bloomberg’s account frames MGX as a product of Abu Dhabi’s decision to create a concentrated vehicle after the launch of OpenAI’s ChatGPT triggered a rush of global interest in generative AI. The report describes the fund as ranking "among the world’s most consequential backers of the technology" and highlights how MGX’s combination of sovereign capital and Wall Street relationships has enabled it to participate in large private financings.

MGX’s involvement as a co-lead in Anthropic’s recent round signals an acceleration of Abu Dhabi’s direct deployment into the most visible AI companies. Anthropic, along with OpenAI, sits among a small group of AI labs that have attracted the bulk of private-sector megainvestments since 2023; MGX’s participation places a sovereign-backed vehicle alongside global institutional and corporate investors in those deals.

Looking ahead, the Bloomberg report suggests MGX will continue to seek marquee transactions as it builds toward the $100 billion-plus target. If the fund sustains its pace of co-leading rounds and leveraging state capital with Wall Street distribution channels, it could become a central private financier of advanced AI development — redefining how large-scale, sovereign-backed capital flows into the sector.