Abu Dhabi’s MGX Weighs Raising Billions for AI Investment Fund

Abu Dhabi-based MGX is considering plans to raise billions of dollars in third-party capital as it looks to ramp up investments in artificial intelligence, according to people familiar with the matter.

The firm aims to raise money through a fund structure for investments in AI infrastructure, the people said, declining to be identified as the information is private. MGX could raise as much as $25 billion for the vehicle, making it among the world’s largest entities of its kind, one of the people said.