While the rest of the world is still debating whether to invest in AI, Abu Dhabi just put 50 billion dollars on the table and ordered coffee. MGX, Abu Dhabi's investment fund, has raised a staggering sum that turns the Middle East from spectator into a serious player in the AI race.
In 30 seconds
- 01Abu Dhabi's MGX fund raised 50 billion dollars to invest in artificial intelligence infrastructure and technology.
What this means for you
If you're an average person: it means the next generation of powerful AI models might be built in the Gulf instead of California. Massive investments decide who dominates the technological future, and Abu Dhabi is deciding not to be left behind.
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