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📊Bloomberg Technology•#funding #middle-east #sovereign-wealth•Feb 17, 2026Recentcollected in 16h

Abu Dhabi MGX's $100B AI Investment via OpenAI Deals

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📊Read original on Bloomberg Technology

💡Massive $100B AI fund from Abu Dhabi eyes OpenAI/Anthropic deals—huge for infra scaling

⚡ 30-Second TL;DR

What changed

MGX commits up to $10B yearly AI spending

Why it matters

Boosts Middle East AI ecosystem with massive capital, potentially accelerating model training and deployment via frontier labs. Attracts global AI talent and startups to the region.

What to do next

Pitch your AI startup to MGX for potential $10B annual funding opportunities.

Who should care:Founders & Product Leaders

🧠 Deep Insight

Web-grounded analysis with 8 cited sources.

🔑 Key Takeaways

•MGX, backed by Abu Dhabi government entities like Mubadala, aims to deploy $10 billion annually in AI investments, focusing on frontier AI firms and infrastructure.[1][3]
•MGX participated in Anthropic's $30 billion Series G funding round at a $380 billion valuation, led by GIC and Coatue, alongside investors like ICONIQ and DE Shaw Ventures.[1][2]
•MGX has invested in OpenAI during its high-valuation rounds, participated in secondary transactions, and backs xAI, creating a diversified portfolio across major AI players.[2][3][7]

📊 Competitor Analysis▸ Show

Investor/Fund	Key AI Investments	Annual Deployment Target	Strategy Focus
MGX (Abu Dhabi)	OpenAI, Anthropic, xAI, Stargate, Aligned Data Centres	$10B	Diversified 'octopus' bets on models + infrastructure
Sequoia Capital	OpenAI (since 2021), Anthropic	N/A	Breaking tradition to invest in competitors
Altimeter Capital	OpenAI, Anthropic	N/A	Multi-firm AI exposure
Blackstone	OpenAI, increasing Anthropic stake to $1B	N/A	Alternative assets in competing AI
Saudi PIF	Google Cloud ($10B), HUMAIN (AMD/Nvidia chips)	$15B+ announced	Regional infrastructure diversification

🛠️ Technical Deep Dive

Insufficient specific technical specs, model architectures, or implementation details on MGX investments found in search results.

🔮 Future ImplicationsAI analysis grounded in cited sources

MGX's strategy positions Abu Dhabi as a pivotal AI hub by funding both leading models (OpenAI, Anthropic, xAI) and infrastructure (Stargate, data centers), enabling regional scaling of compute resources and diversification from oil economies, while investors adopt 'octopus' approaches to hedge AI competition risks amid $690B global capex sprint in 2026.[1][2][3][7][8]

⏳ Timeline

2024-01

MGX launched by Abu Dhabi with Mubadala and G42 board members, at start of AI investment fervor.

2025-01

Stargate project announced: OpenAI, SoftBank, Oracle, MGX target $500B AI infrastructure by 2029.

2025-09

MGX announces Nvidia partnership for major AI campus in Europe.

2025-10

MGX joins $40B Aligned Data Centres acquisition with BlackRock GIP for AI infrastructure.

2026-02

MGX participates in Anthropic's $30B Series G round at $380B valuation.

📎 Sources (8)

Factual claims are grounded in the sources below. Forward-looking analysis is AI-generated interpretation.

Government-backed MGX plans to invest up to $10 billion annually in AI. Deals with OpenAI and Anthropic power Abu Dhabi's massive AI strategy. This positions the region as a major AI hub.

Key Points

1.MGX commits up to $10B yearly AI spending
2.Partnerships with OpenAI and Anthropic secured
3.Abu Dhabi government backs $100B total AI bet
4.Focus on scaling AI infrastructure regionally

Impact Analysis

Boosts Middle East AI ecosystem with massive capital, potentially accelerating model training and deployment via frontier labs. Attracts global AI talent and startups to the region.

#funding #middle-east #sovereign-wealthmgx

📊Read original article on Bloomberg Technology

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Original source: Bloomberg Technology ↗