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# MGXRaises50BForAIInfrastructure

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#MGXRaises50BForAIIinfrastructure
🏛️ Abu Dhabi Just Built the World's Largest AI Fund at $50 Billion — and Every Crypto Trader Needs to Understand What This Capital Is Buying
This one flew under the radar for most of the crypto community this week but the implications are massive and worth breaking down properly.
MGX — Abu Dhabi's AI investment vehicle backed by sovereign wealth fund Mubadala and AI powerhouse G42 — just closed nearly $50 billion from global investors making it the largest dedicated AI fund ever assembled. The target is over $100 billion in total assets. This is not venture

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