{"id":527640,"date":"2026-07-01T13:28:18","date_gmt":"2026-07-01T13:28:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/527640\/"},"modified":"2026-07-01T13:28:18","modified_gmt":"2026-07-01T13:28:18","slug":"abu-dhabis-ai-investment-firm-mgx-raises-49bn-for-new-fund","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/527640\/","title":{"rendered":"Abu Dhabi’s AI investment firm MGX raises $49bn for new fund"},"content":{"rendered":"

Abu Dhabi-based technology investment company MGX<\/a> has raised $49 billion from global investors for its AI-focused fund, boosting the firm’s growing role<\/a> in the sector. <\/p>\n

The amount raised by MGX Fund I was significantly above its initial $45 billion target fund size, the company said on Wednesday. <\/p>\n

It attracted investment<\/a> from an \u201celite and diverse group of major institutional and private investors from the Gulf, North America, Asia and Europe\u201d, MGX said.<\/p>\n

The firm said it launched Fund I to provide AI exposure through investment in opportunities across the sector. That includes semiconductors, AI infrastructure and AI-enabling technologies and platforms. Since inception, the fund has invested in 14 companies. <\/p>\n

\"\"<\/p>\n

Why is sovereign AI so important? We ask Nvidia<\/p>\n

Established in 2024, MGX is a private investment firm with Abu Dhabi’s sovereign fund Mubadala Investment Company<\/a> and AI and cloud computing firm<\/a> G42 as partners. It is chaired by Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and National Security Adviser.<\/p>\n

The company has been investing heavily in AI globally. Last month, it touted its participation in US-based AI giant Anthropic<\/a>‘s $65 billion Series H funding round. MGX also participated in Anthropic’s earlier Series G funding round.<\/p>\n

In October 2025, MGX joined the Artificial Intelligence Infrastructure Partnership and Blackrock’s Global Infrastructure Partners consortium in a deal to acquire Aligned Data Centres<\/a>, a major provider of AI infrastructure. The transaction was valued at about $40 billion, one of the largest private equity digital infrastructure deals on record.<\/p>\n

The acquisition is expected to boost global AI infrastructure capacity significantly.<\/p>\n

Last year, MGX and Nvidia also announced plans to help build the largest AI campus in Europe<\/a> alongside French companies. The campus, which is to be built near Paris, was initially expected to reach a capacity of 1.4 gigawatts.<\/p>\n

However, last month a new statement said it might eventually offer \u201c3GW of compute capacity nationwide\u201d. It said a second AI campus site \u201cdoubles the initial investment by the consortium and its partners, and is the natural next step in the development of a leading pan-European network of AI factories, extending the programme beyond the flagship Fouju campus in Seine-et-Marne\u201d.<\/p>\n

Bpifrance, Mistral AI and the French national investment bank are joining MGX<\/a> and Nvidia<\/a> in the joint venture.<\/p>\n

Last year, MGX also made a major investment in OpenAI<\/a> during the AI company\u2019s $300 billion valuation funding round. The Abu Dhabi company<\/a> also revealed an investment of $2 billion in Binance last year, marking the first institutional investment in the world\u2019s largest cryptocurrency exchange<\/a>. <\/p>\n

In January, it was announced that MGX would hold a stake in the TikTok<\/a>-USDS joint venture, which helped to keep the social media platform operating in America.<\/p>\n","protected":false},"excerpt":{"rendered":"Abu Dhabi-based technology investment company MGX has raised $49 billion from global investors for its AI-focused fund, boosting…\n","protected":false},"author":2,"featured_media":527641,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[4420,220,218,219,7889,61,60,1284,329,80],"class_list":["post-527640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-abu-dhabi","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-business-team","tag-ie","tag-ireland","tag-standard","tag-story","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/527640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=527640"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/527640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/527641"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=527640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=527640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=527640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}