EDITION

Asia Edition

Coverage of Asia-Pacific markets, technology, and business

AI ★ FEATURED

Abu Dhabi's MGX Closes Nearly $50 Billion to Bankroll the AI Buildout

Abu Dhabi's MGX has closed a roughly $50 billion raise from sovereign wealth funds, pension funds and institutional investors, deepening its stakes in OpenAI, Anthropic and xAI. The fund is targeting $100 billion in assets and is already competing with SoftBank's Stargate and BlackRock's AI Infrastructure Partnership for the biggest deals in AI compute.