market-analysis

MGX raises $49bn as investors flock to AI

By CityCalc Newsroom · Wed Jul 01 2026 · Source: AGBI

Abu Dhabi artificial intelligence investor MGX has closed its first dedicated AI fund with $49 billion in commitments, exceeding its target, as global institutional financiers pour money into the sector. The MGX Fund I, which set an initial target of $45 billion, attracted diver…

Abu Dhabi artificial intelligence investor MGX has closed its first dedicated AI fund with $49 billion in commitments, exceeding its target, as global institutional financiers pour money into the sector. The MGX Fund I, which set an initial target of $45 billion, attracted diver…

Curated by CityCalc from AGBI. Read the full article at the source.

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