Abu Dhabi’s MGX has raised roughly $49 billion for a massive fund dedicated entirely to artificial intelligence, making it one of the largest pools of capital ever assembled with a singular focus on AI infrastructure and technology.
To put that number in perspective, the entire global venture capital market deployed about $330 billion in all of 2024. One fund, from one city-state, just locked up roughly 15% of that figure for a single sector.
What MGX is building
MGX was founded in March 2024 through a partnership…
