UAE's MGX raises one of the biggest AI funds ever as it closes at $49 billion
- Posted on July 1, 2026
- By CNBC
- 1 Views
- 1 min read
UAE's MGX raises one of the biggest AI funds ever as it closes at $49 billion
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk's xAI, prior to its merger with SpaceX.
