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Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to deploy as much as $10B annually from the fund over the next few years (Dinesh Nair/Bloomberg)

Techmeme 01 July 2026 9h ago
Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to deploy as much as $10B annually from the fund over the next few years (Dinesh Nair/Bloomberg)
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Dinesh Nair / Bloomberg : Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to deploy as much as $10B annually from the fund over the next few years — MGX has raised $49 billion for one of the biggest ever funds dedicated to artificial intelligence deals, propelling …
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