🇦🇪 ABU DHABI’S MGX RAISES $49B FOR ONE OF THE BIGGEST AI FUNDS EVER MGX raised $49B, beating its $45B target, for one of the biggest funds ever dedicated to AI deals. The Abu Dhabi firm will use the fund to invest across frontier AI models, semiconductor infrastructure, data centers and major AI partnerships. MGX has already backed OpenAI, xAI, Anthropic, TikTok US, and Binance, targeting more than $100B in AUM.(Coin Bureau)