AI

UAE's MGX raises one of the biggest AI funds ever as it closes at $49 billion

Jul 1, 2026 - 06:20
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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.

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