Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
MGX, the Abu Dhabi-based AI investor, has raised $49 billion as part of its drive to boost investments in AI-related sectors.
In a brief statement, MGX said MGX Fund I attracted investment from an elite and diverse group of major institutional and private investors from the Gulf, North America, Asia and Europe. The fund exceeded its initial target size of $45 billion, the statement said.
“Since inception, MGX Fund I has invested in 14 companies, partnering with leading global technology leaders and platforms to create a high conviction portfolio of AI champions,” MGX said.
The company said Fund I was created to provide “highly curated exposure to the AI thematic” through disciplined investments in differentiated and restricted opportunities across the AI technology stack. These include semiconductors, AI infrastructure, and AI and AI-enabling technologies and platforms.
MGX said it remains focused on identifying exceptional investment opportunities that will create long-term value through active partnership.
The fundraising comes as MGX has been stepping up its involvement in AI and data centre-related investments in the US and other global markets.
“For MGX, attracting third-party capital would further distinguish it from traditional Gulf sovereign wealth funds, which largely deploy government money,” Bloomberg said in a recent analysis. The model allows it to pursue larger transactions while broadening its investor base, the agency said.
“The fresh capital would provide MGX with additional firepower as the cost of developing frontier AI systems continues to climb,” Bloomberg added.
MGX was named among the significant investors in Anthropic’s $65 billion Series H funding round. This followed its earlier role in Anthropic’s $30 billion Series G funding round in February.
According to information shared by the company in earlier communications, MGX also participated in xAI’s $20 billion Series E funding round, supporting the scaling of compute infrastructure and the buildout of large GPU clusters.
MGX has also been involved in major AI infrastructure transactions. The Artificial Intelligence Infrastructure Partnership, MGX and BlackRock’s Global Infrastructure Partners announced a deal to acquire Aligned Data Centres in a transaction implying an enterprise value of approximately $40 billion.
In September 2025, MGX announced that it had joined Silver Lake as a co-investor in the Silver Lake-led acquisition of a 51% stake in Altera, with Intel retaining a 49% stake.
MGX has also been exploring a potential acquisition of Singapore-based data centre operator DayOne, Reuters reported, citing sources. DayOne operates and develops data centres across Southeast Asia, as well as in Hong Kong, Japan and Finland.
