UAE sovereign wealth fund MGX raised nearly $50 billion dedicated to AI infrastructure and related deals.

MGX, a UAE sovereign wealth fund, has raised nearly $50 billion dedicated to AI infrastructure and related transactions. The capital deployment represents a significant commitment from the Gulf nation's state backing to participate in the rapidly expanding AI sector.

The fund's substantial allocation underscores growing interest from sovereign wealth entities in positioning themselves across the AI buildout. With $50 billion in dedicated capital, MGX enters a competitive landscape alongside other major infrastructure investors seeking exposure to data centers, compute resources, and AI-related technology infrastructure required to support the expansion of large language models and generative AI applications.