# 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.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: The National · Published Saturday, July 4, 2026_

## Wortins' read

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.

## Source

[Read the full story at The National](https://www.thenationalnews.com/business/markets/2026/07/01/abu-dhabis-ai-investment-firm-mgx-raises-49bn-for-new-fund/)

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_Curated and written by [Wortins](https://www.wortins.com) — The daily AI briefing. Every story links to its original source; the "Wortins read" on each is our own original analysis. [About Wortins & our editorial approach](https://www.wortins.com/about)._