Abu Dhabi’s MGX is trying to become a major AI capital allocator, with a stated plan to invest up to $10B a year and bu…

Abu Dhabi’s MGX is trying to become a major AI capital allocator, with a stated plan to invest up to $10B a year and build $100B+ AUM. It already has stakes in OpenAI, Anthropic, and xAI, plus big AI infrastructure deals like Aligned Data Centers.