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Markets, deals, and the economics of the tech industry.

A futuristic AI data center campus near Paris at twilight, symbolizing MGX's global AI infrastructure investments.

Abu Dhabi's MGX Unleashes $49 Billion AI Fund, Shaking Up the Global Tech Order

Abu Dhabi's new investment powerhouse, MGX, just closed its first AI fund at a staggering $49 billion, blowing past its target to become one of the world's largest. The firm is already pouring money into critical AI infrastructure and top-tier models, taking major stakes in companies like Anthropic and co-acquiring Aligned Data Centres.

Jul 2, 20265 min