Abu Dhabi’s MGX Emerges as Major AI Investor While Backing TikTok Deal
The Abu Dhabi-backed investment firm MGX is rapidly becoming a dominant force in global technology investing. Recent reports indicate the sovereign wealth fund-backed entity is participating in massive AI infrastructure deals while also supporting former President Donald Trump’s efforts to acquire TikTok.
Abu Dhabi’s Strategic Move Into Global Tech
An Abu Dhabi-backed investment firm is emerging as a major financier in the global artificial intelligence sector while simultaneously participating in efforts to bring TikTok under U.S. control, according to recent reports. MGX, launched in March 2024 with backing from Abu Dhabi’s sovereign wealth fund, has become a key capital source as tech giants race to build the computing infrastructure needed to meet exploding AI demand.