MGX
About
Abu Dhabi state-backed investment vehicle focused on financing frontier AI and infrastructure.
Founders
Recent News
SoftBank seeks $100bn from Gulf investors to expand AI bet
SoftBank CEO Masayoshi Son is seeking up to $100 billion from Gulf sovereign and institutional investors for a new AI-focused buy-and-improve fund that would lean on its Roze physical-AI unit and sit alongside existing stakes including OpenAI.
OpenAI in talks with UAE funds, BlackRock for $30 billion funding round
OpenAI is reportedly in talks with UAE investment funds including Abu Dhabi-based MGX and asset manager BlackRock to anchor a roughly $30 billion private financing round at about a $1.4 trillion pre-money valuation. Other potential participants include the University of California endowment, Thrive Capital and Andreessen Horowitz.
Anthropic Nears Potential USD 2T+ Valuation as Gulf Funds Join AI Investment Race
Anthropic is preparing for a potential IPO that could value the company at over USD 2 trillion after rapid revenue growth, heavy infrastructure spending and substantial Gulf-backed private financing.
How Abu Dhabi is building the foundations of an AI economy
Abu Dhabi is backing domestic tech firms to build an AI economy; Origen, an Abu Dhabi spatial-intelligence company, secured a $50M strategic investment from BlueFive Capital and is architecting the city-wide Nabd digital governance platform.