Abu Dhabi's MGX closes record $49 billion AI fund

This is less a startup raise and more a signal of who controls the money spigot behind the entire AI boom. MGX already has stakes in OpenAI, Anthropic and xAI, so a fund this size lets one Abu Dhabi vehicle keep buying into nearly every major AI bet at once. It shows sovereign capital, not just Silicon Valley VCs, is now setting the pace of AI investment.