Founded2024
HeadquartersAbu Dhabi, UAE
IndustryAI, Financial Services

About

MGX is an Abu Dhabi investment vehicle focused on artificial intelligence, launched in 2024 by Mubadala and G42. Bloomberg reported that it could pass $100 billion in assets under management within a few years; this is a target and not a confirmed balance.

Key figures

$100 billionAssets-under-management targetBloombergtarget
About $50 billionCapital raisedPress reportsunnamed sources; not confirmed by MGX
About $10 billionAnnual deploymentPress reportsunnamed sources

Figures are as published by the sources listed on this page. Where a figure comes from the company itself we have not audited it.

Objectives and priorities

  • Reach about $100 billion in assets under management within a few years (Bloomberg report, a target and not a confirmed balance).

Scope of operations

  • AI infrastructure
  • Semiconductors
  • AI core technologies and applications

Founders and key people

  • Sheikh Tahnoon bin Zayed Al Nahyan Chairman
  • Khaldoon Al Mubarak Vice chairman

Timeline

  1. 2024MGX launched by Mubadala and G42
  2. 2024Joins the Global AI Infrastructure Partnership with BlackRock, Microsoft and NVIDIA

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