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Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to spend as much as $10B annually over the next few years (Dinesh Nair/Bloomberg) from Techmeme RSS feed.
Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to spend as much as $10B annually over the next few years (Dinesh Nair/Bloomberg)
Dinesh Nair / Bloomberg:
Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to spend as much as $10B annually over the next few years — MGX has raised $49 billion for one of the biggest ever funds dedicated to artificial intelligence deals, propelling the two-year-old Abu Dhabi firm …