Business & Finance UAE's MGX raises one of the biggest AI funds ever as it closes at $49 billion
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk's xAI, prior to its merger with SpaceX.
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· July 1, 2026 · 1 min read
This article was originally published by
CNBC Top News
and is republished here under license.
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk’s xAI, prior to its merger with SpaceX.
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