MGX Pursues AI Infrastructure Investments With $49 Billion Fund

MGX has raised $49 billion for its new MGX Fund I to make investments across the artificial intelligence technology stack. The Abu Dhabi-based technology investment firm launched the fund “to provide highly curated exposure to the AI thematic through disciplined investments in differentiated and restricted opportunities across the AI technology stack, including semiconductors, AI infrastructure and AI and AI-enabling platforms,” MGX said in a Wednesday (July 1) press release .