Abu Dhabi's MGX raises $49 billion for one of the biggest AI funds ever

This is not a single startup raising money, it is a sovereign backed firm stockpiling capital to keep buying stakes across the entire AI stack, from chips to data centers to labs like OpenAI and Anthropic. It confirms that Gulf capital is now a permanent, structural player in AI rather than an occasional guest investor. Watch for MGX to keep showing up as a co-investor in nearly every mega round for the next few years.