Abu Dhabi’s MGX Weighs $25B Capital Raise to Expand AI Investments

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.

Need Deeper Intelligence on the AI Market?

AI Insider's Market Intelligence platform tracks funding rounds, competitive landscapes, and technology trends across the global AI ecosystem in real time. Get the data and insights your organization needs to make informed decisions.

Related Articles

SandboxAQ Integrates Physics-Based Drug Discovery AI Into Claude, Bringing Molecular Simulation to Conversational Interface

SandboxAQ, the Alphabet spinout chaired by former Google CEO Eric Schmidt, has partnered with Anthropic to embed its large quantitative models directly into Claude, making

Anthropic Acquires SDK Startup Stainless for Over $300M, Cutting Off Key Tool Used by OpenAI and Google

Anthropic has acquired Stainless, a New York-based developer tools startup founded by former Stripe engineer Alex Rattray, in a deal reported to be worth more

Bench Accounting Founder Returns With $10M AI Bookkeeping Startup Backed by Khosla Ventures

Ian Crosby, the founder ousted from collapsed accounting startup Bench, has raised $10 million in seed funding for a new venture called Synthetic, which aims

Stay Updated with AI Insider

Get the latest AI funding news, market intelligence, and industry insights delivered to your inbox weekly.

$ 0 M

Seed round tracked

Gitar — Code Validation

Get the Weekly Briefing

Funding analysis, market intelligence, and industry trends delivered to your inbox every week.

Need bespoke intelligence?

Our team combines real-time data with decades of sector experience to guide your decisions.

Subscribe today for the latest news about the AI landscape