Abu Dhabi launches MGX, a $100B tech investment firm led by Mubadala and G42, targeting AI and semiconductors.

Abu Dhabi is launching a technology investment firm, MGX, targeting $100 billion in assets under management in AI and semiconductors. Led by Mubadala Investment Co. and AI firm G42, the company aims to invest in areas such as AI infrastructure, semiconductors, AI core technologies, and applications. MGX will be chaired by Sheikh Tahnoon bin Zayed Al Nahyan and funded initially by Abu Dhabi's government.

March 11, 2024
7 Articles

Further Reading