Abu Dhabi Launches $100 Billion AI Investment Fund MGX

Sheikh Tahnoun bin Zayed Al Nahyan

Abu Dhabi has unveiled a groundbreaking $100 billion investment initiative, MGX, to drive advancements in artificial intelligence. The fund is a collaboration between sovereign wealth fund Mubadala and AI powerhouse G42, under the guidance of the Artificial Intelligence and Advanced Technology Council (AIATC), established earlier this year by UAE President Sheikh Mohamed bin Zayed Al Nahyan.

MGX aims to fast-track AI development globally, focusing on three key sectors: AI infrastructure, semiconductors, and core AI technologies. Planned investments include data centers, connectivity, chip design, and manufacturing, as well as AI models, software, life sciences, and robotics.

Sheikh Tahnoun bin Zayed Al Nahyan, deputy ruler of Abu Dhabi and AIATC chair, stated that MGX is poised to position the UAE as a leader in AI and advanced technologies. The initiative reflects Abu Dhabi’s vision of fostering a sustainable, interconnected future powered by responsible AI development.

Source: Michael Katz / Ai-CIO