MGX Fund Management Limited (MGX) is an Emirati state-owned investment firm for artificial intelligence (AI) technologies. Established by the government of Abu Dhabi in 2024, MGX aims to become a vehicle for AI-driven investments with a target of managing US$100 billion in assets.[1][2][3]
History
MGX was established in 2024 by the government of Abu Dhabi to channel investments into AI-driven technologies and startups and to foster innovation and drive economic growth within the region.[1] MGX was launched in March by two entities: global investment company Mubadala and an artificial intelligence firm G42. MGX's board chair is Sheikh Tahnoun bin Zayed Al Nahyan and Khaldoon Al Mubarak