Abu Dhabi’s MGX raises about $50 billion for AI deals

Abu Dhabi’s MGX Raises About $50 Billion to Accelerate AI Deals

Abu Dhabi-backed artificial intelligence investment firm MGX has raised roughly $50 billion from local and international investors, according to Bloomberg, in one of the largest capital mobilizations dedicated to AI infrastructure and technology.bloomberg

A War Chest for AI

The fundraise, which drew commitments from regional sovereign wealth funds, global pension funds, and major institutional investors, positions MGX as one of the best-capitalized AI-focused investment vehicles in the world. The firm had been weighing a raise of up to $50 billion in third-party capital since at least mid-2025, when Bloomberg first reported it was considering plans to secure as much as $25 billion from external backers. By late 2025, reports indicated the target had grown to $50 billion, with a minimum investment of $500 million from limited partners.fundsglobalmena

MGX was established in March 2024 by Abu Dhabi’s Artificial Intelligence and Advanced Technology Council, with Mubadala Investment Co. and AI specialist G42 as foundational partners. Its stated goal is to manage more than $100 billion in assets across three focus areas: AI infrastructure including data centers and connectivity, semiconductors, and AI technology companies.ai-cio

DayOne Acquisition and Infrastructure Ambitions

Separately, MGX is weighing a multibillion-dollar acquisition of DayOne, a Singapore-based data center operator, in what would be the firm’s first acquisition in Asia. Reuters reported on June 19 that MGX was working with an investment bank on a potential transaction that could value DayOne at around $20 billion. The deal is not finalized and a DayOne IPO could still proceed.reuters

The potential DayOne purchase would add to MGX’s existing data center bets. In October 2025, MGX participated alongside BlackRock, Nvidia, and Microsoft in the $40 billion acquisition of Aligned Data Centers, the largest data center deal at that time.cnbc

Building an AI Empire

MGX has emerged as a prolific backer of the world’s largest AI companies. It co-led OpenAI’s record $122 billion funding round that closed in March 2026, participated in Anthropic’s $20 billion raise, invested in xAI’s $3 billion Series E, and joined the $500 billion Stargate joint venture alongside OpenAI, Oracle, and SoftBank. The $50 billion raise gives MGX fresh ammunition to pursue further deals as demand for AI computing infrastructure continues to surge worldwide.fwdstart