Abu Dhabi Investment Platform MGX Raises Nearly $50 Billion to Boost AI Infrastructure

CoinFeed, June 23 - According to Bloomberg, Abu Dhabi investment platform MGX has recently raised nearly $50 billion from Middle Eastern sovereign wealth funds, global pensions, and large institutional investors to accelerate investments in artificial intelligence infrastructure and related technology projects. Sources say this round of funding will primarily support MGX's large-scale spending on computing power, data centers, and AI technology deployment, driving its investment pace and scale across regional and global AI industry chains.