MGX closes record $49B AI fund anchored by Mubadala and G42
Abu Dhabi–based MGX announced on July 3, 2026 that it has closed its first AI fund at $49 billion, exceeding a $45 billion target, with capital from Mubadala, G42 and global institutional investors. The fund has already backed Anthropic, OpenAI, xAI, Binance, Together AI and a $40 billion Aligned Data Centres acquisition. ([easternherald.com](https://easternherald.com/2026/07/03/mgx-abu-dhabi-ai-fund-49-billion-mubadala/))
Source: The Eastern Herald