Abu Dhabi-based investment firm MGX has successfully raised $49 billion, equivalent to approximately Dh180 billion, for its inaugural MGX Fund I. The capital was sourced from an impressive global network of institutional and private investors spanning the Gulf, Asia, Europe, and North America. Since its founding, the firm has strategically allocated capital across 14 high-growth companies, focusing on building a specialized portfolio of leaders in the artificial intelligence sector.

Under the leadership of Chairman Sheikh Tahnoon bin Zayed Al Nahyan, MGX is positioning itself as a major player in the global technology landscape. The firm’s current portfolio is already quite extensive, featuring industry giants such as OpenAI, SpaceX, Anthropic, and various data center leaders. With a clear mandate to invest across the entire AI technology stack—including infrastructure and semiconductors—MGX continues to seek out opportunities that promise long-term value. This commitment is further evidenced by their recent collaborative efforts in France to expand compute capacity, signaling a broader vision for the future of global AI infrastructure.