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MGX Closes AI-Focused Fund at $49 Billion

  • Funding & M&A
  • Infra & Chips

Abu Dhabi-based AI and advanced-technology investment firm MGX said on July 1, 2026 that it had held the final close of its flagship MGX Fund I, raising $49 billion in commitments. The total exceeds the initial $45 billion target and ranks among the largest single funds ever dedicated to AI deals.

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