OpenAI, Anthropic backer MGX raises one of the biggest AI funds ever as it closes at $49 billion
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk's xAI, prior to its merger with SpaceX.


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The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk's xAI, prior to its merger with SpaceX.

TikTok's U.S. business will have 45% of control in the hands of a group of investors that includes Oracle, Silver Lake and Abu Dhabi's MGX.

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Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, marking the cryptocurrency exchange's first institutional investment.

. . Abu Dhabi-based investment firm MGX has invested $2 billion in cryptocurrency exchange Binance, potentially marking one of the biggest funding deals in the…

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