MGX's new fund is one of the largest ever focused on artificial intelligence, reflecting the growing investor enthusiasm for AI technologies. The fund's closure at $49 billion exceeds its initial target of $45 billion, highlighting strong demand from institutional and private investors across various regions, including the Gulf, North America, Asia, and Europe.
This year, AI companies have raised a record $416.6 billion, nearly doubling the total from 2025, with major players like Anthropic and OpenAI receiving substantial backing from MGX. The fund has already invested in 14 companies and aims to support a wide range of AI-related sectors, including semiconductors and AI infrastructure.
Additionally, MGX is expanding its investment in AI infrastructure, as seen in its plans to develop an AI campus in France in collaboration with Bpifrance and Mistral. This strategic move positions MGX as a key player in the rapidly evolving AI landscape, potentially influencing market dynamics and investment trends in the technology sector