MGX Resources reported stronger cash flow for fiscal year 2026 and is now considering a strategic pivot towards gold exploration and production.

Abu Dhabi's MGX has successfully raised $49 billion, establishing one of the largest artificial intelligence funds ever. The company is a backer of major AI companies including OpenAI, Anthropic, and Elon Musk's xAI, signaling a significant investment in the rapidly growing AI sector.

OpenAI is reportedly poised to raise $10 billion in funding from investors including MGX, Coatue, and Thrive.

MGX, an Abu Dhabi-based investment firm, has successfully raised approximately $50 billion to significantly accelerate its deals in the artificial intelligence sector. This substantial funding aims to bolster its position in the global AI market.

MGX, an investment firm based in Abu Dhabi, has successfully closed a $49 billion artificial intelligence fund, surpassing its initial target.

Abu Dhabi's MGX has announced its participation in Anthropic's Series H funding round, valued at $65 billion.