MGX, Abu Dhabi’s flagship artificial intelligence investment platform, has secured close to $50 billion from regional and international investors to accelerate funding for AI-related technologies and infrastructure.

Investors are said to include sovereign wealth funds, pension funds and major institutional investors, marking one of the largest capital raises ever dedicated to the AI sector.

MGX has emerged as one of the most active investors in the AI sector, building exposure to frontier AI models, semiconductor infrastructure and data centers through investments in companies such as OpenAI and xAI, as well as partnerships with major global firms.

The Abu Dhabi-based AI and advanced technology investor invested $2 billion in Binance last March in the exchange’s first institutional funding round. The record stablecoin transaction grants MGX a minority stake while advancing blockchain, AI, and the digital finance ecosystem.

The latest fundraising provides additional resources as MGX works toward its long-term goal of exceeding $100 billion in assets under management.