Abu Dhabi investment platform MGX raises nearly $50 billion to boost AI infrastructure

According to Bloomberg, the Abu Dhabi investment platform MGX has recently raised nearly $50 billion from Middle Eastern sovereign wealth funds, global pension funds, and large institutional investors to accelerate investments in artificial intelligence infrastructure and related technology projects.

Insiders say that this round of funding will primarily support MGX's large-scale expenditures on computing power, data centers, and AI technology layout, in order to promote its investment pace and scale in the regional and global AI industry chain.