# MGX Abu Dhabi's sovereign AI investment vehicle, launched in March 2024 by the [[UAE]] government with Mubadala and [[G42]] as foundational partners. Chaired by Sheikh Tahnoun bin Zayed Al Nahyan (UAE National Security Advisor), with Mubadala CEO Khaldoon Al Mubarak as vice-chair and Ahmed Yahia Al Idrissi as CEO. MGX was created with an initial $100 billion AUM target focused on three areas: AI infrastructure, semiconductors, and AI core technologies and applications. By mid-2026 the fund had raised approximately $50 billion from global investors with ambitions to exceed the $100 billion mark. ## Key Investments MGX has rapidly deployed capital across the AI ecosystem: - **[[Stargate Project]]** — Anchor investor alongside [[SoftBank]], [[OpenAI]], and [[Oracle Corporation]] in the $500 billion U.S. AI infrastructure initiative. MGX committed approximately $7 billion. - **[[BlackRock]]-[[Microsoft]] AI Infrastructure Fund** — $30 billion collaboration to develop data infrastructure for AI applications. - **Databricks** — Participated in the $10 billion funding round. - **xAI** — Participated in the $6 billion Series A. ## Strategic Context MGX represents the most aggressive example of Gulf states converting oil wealth into AI infrastructure stakes. The [[UAE]] is positioning Abu Dhabi as a global AI hub through a constellation of entities: MGX handles the investment layer, [[G42]] provides the technology and compute platform, and ADNOC tech investments supply the energy expertise. Sheikh Tahnoun sits atop all three vectors as chairman of both MGX and [[G42]], and as a key figure in [[UAE]] national security. The fund's role in the [[Stargate Project]] is particularly significant — it means a [[UAE]] sovereign entity is a co-owner of the largest AI infrastructure buildout in history, alongside American and Japanese capital. This sovereign-wealth-meets-AI nexus raises questions the vault tracks: who controls the physical infrastructure that AI runs on, what geopolitical leverage that creates, and how petrodollar recycling is shifting from real estate and arms to compute and data centers. ## KB Relevance MGX connects the Gulf sovereign wealth thread to the AI infrastructure buildout tracked across [[The Quest for 90 Gigawatts]], the [[Stargate Project]], and the broader [[Artificial Intelligence]] ecosystem. It also connects to the vault's foreign-influence tracking via [[UAE]] and [[G42]]. ## See Also - [[Stargate Project]] - [[SoftBank]] - [[OpenAI]] - [[Oracle Corporation]] - [[BlackRock]] - [[Microsoft]] - [[G42]] - [[UAE]] - [[Artificial Intelligence]] - [[The Quest for 90 Gigawatts]]