SF Jul 1, 2026 · 6:26 AM

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

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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.

Ron Patel

4 min read

23 views

ITG Priced Its Nasdaq IPO Below Range Even as the AI Infrastructure Boom Rages On

4 min read · 130 views

ITG Priced Its Nasdaq IPO Below Range Even as the AI Infrastructure Boom Rages On

Wayve's employees can now cash out at an $8.5 billion valuation

5 min read · 161 views

Wayve's employees can now cash out at an $8.5 billion valuation

The Supreme Court's Apple ruling could reset the economics of every mobile startup

6 min read · 156 views

The Supreme Court's Apple ruling could reset the economics of every mobile startup

$Anthropic launches Claude Sonnet 5 to bring near-Opus performance to developers at a fraction of the cost$

4 min read · 306 views

Anthropic launches Claude Sonnet 5 to bring near-Opus performance to developers at a fraction of the cost

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