MGX raises $49 billion for its new artificial intelligence fund

MGX raises $49 billion for its new artificial intelligence fund

The fund drew institutional and private investors from the Middle East, North America, Asia and Europe, and has begun deploying the new capital

Sheikh Tahnoon bin Zayed, Chairman of MGX, presides over a board meeting

Abu Dhabi’s MGX has closed a $49 billion artificial intelligence fund, topping its $45 billion target and creating one of the largest AI investment vehicles ever assembled.

The fund drew institutional and private investors from the Middle East,...