PANews, June 23 – According to Bloomberg, Abu Dhabi-based investment platform MGX has recently raised nearly $50 billion from Middle Eastern sovereign wealth funds, global pension funds, and large institutional investors to accelerate investments in AI infrastructure and related technology projects. Sources said this round of funding will primarily support MGX’s large-scale spending on computing power, data centers, and AI technology deployment, in order to drive the pace and scale of its investments across regional and global AI industry chains.