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MGX AI FUND
Gulf countries act as propellants for SpaceX IPO as billions flow inSaudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, th...- France's data centre ambitions bump up against rural fearsA huge AI data centre is planned for Fouju, France. This project brings hope for jobs and money to the small village. However, residents wo...
- France's data centre ambitions bump up against rural fearsA massive AI data centre planned for the small French village of Fouju is creating a divide. While proponents see economic benefits and job...
- TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...
- Anthropic nears $1 trillion valuation, zooms past OpenAI after latest funding roundThe company’s valuation has more than doubled from $380 billion in February, reflecting its swift rise as a leading competitor in the AI ra...
- DeepMind CEO Demis Hassabis’ Isomorphic Labs raises $2.1 billion led by Thrive CapitalAI-driven drug discovery firm Isomorphic Labs secured a massive $2.1 billion in Series B funding. This capital will fuel the expansion of t...
- When 'I' meets AI: Tech elite's wealth adviser turns multibillion-dollar force in AI frenzyIconiq, a private wealth manager for global elites, is now a major force in venture capital. The firm is making substantial bets on AI star...
- Iconiq, go-to wealth adviser for tech’s elite, is putting billions into AIIconiq is expanding aggressively into venture capital, investing billions in AI startups like Anthropic. Leveraging elite global networks, ...
- Claude AI maker Anthropic considers IPO as soon as OctoberAnthropic PBC is considering going public as soon as in October, according to people familiar with the matter, as the artificial intelligen...
- OpenAI set to raise about $10 billion from MGX, Coatue, ThriveOpenAI is nearing a deal to raise about $10 billion from venture investors, lifting its latest funding round to roughly $120 billion. Backe...
- Who owns TikTok in the US now?Under the arrangement, non-Chinese investors will own about 80% of the American venture. ByteDance will keep 19.9% of it. The investors, wh...
- AI news today: Over 10,000 jobs lost in 2025 due to artificial intelligence, Karnataka working with cos to assess workforce impact and moreAI is impacting various sectors. OpenAI will share AI models. US authorities are investigating AI use in airline ticket pricing. MGX in Abu...
- Abu Dhabi's MGX could raise up to $25 billion for AI fund: ReportCompany executives are weighing raising money from financial and strategic investors in Abu Dhabi and beyond, but Mubadala Investment and A...
- Mistral in talks with VC firms, MGX to raise funds at $10 billion valuation: ReportThe funding would accelerate the commercial rollout of Mistral's Le Chat chatbot and support continued development of its large language mo...
- Musk’s xAI joins Microsoft-BlackRock $30 billion AI fundMicrosoft, the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc., which has an executive on the artificial intelligence startup’s b...
- Crypto exchange Binance gets $2 billion investment from Abu Dhabi's MGXBinance and MGX said in statements posted on their website that the investment was made in stablecoin - a type of cryptocurrency pegged to ...
- Wouldn't have announced $500 billion investment if we weren't confident: Sam Altman on Stargate fundingElon Musk was among the first to question the funding for the project, claiming that the drivers, including Microsoft and SoftBank, "don't ...
- OpenAI's Altman to stop in Abu Dhabi for MGX fundraising talks, sources sayOpenAI CEO Sam Altman is visiting the UAE to discuss raising $40 billion with Abu Dhabi's MGX, aiming to fuel AI development and compete wi...
- Microsoft, BlackRock to launch $30 billion fund for AI infrastructureBlackRock and Microsoft are set to launch a $30 billion fund to invest in AI infrastructure, including data centers and energy projects. Th...
- Abu Dhabi targets $100 billion AUM for AI investment firmThe emirate on Monday unveiled the company called MGX, led by sovereign wealth fund Mubadala Investment Co. and AI firm G42 as foundational...
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