MGX, the Abu Dhabi-based investment group backed by Mubadala Investment Co. and AI firm G42, is exploring plans to raise up to $25 billion from third-party investors to accelerate its artificial intelligence portfolio, according to Bloomberg News. Potential funding sources include both financial and strategic partners in Abu Dhabi and international markets, though no final decision has been made.
Chaired by Sheikh Tahnoon bin Zayed Al Nahyan, MGX has already invested in OpenAI and Elon Musk’s xAI. The group is also reportedly in discussions to participate in French AI startup Mistral’s planned $1 billion raise at a $10 billion valuation, as the UAE continues to expand its influence in the global AI sector.
