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UAE's MGX raises one of the biggest AI funds ever as it closes at $49 billion
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- Abu Dhabi's sovereign wealth fund MGX on Wednesday announced it has closed a $49 billion fund to back AI companies, making it one of the biggest ever investment vehicles focusing on the sector.
- Investors are racing to throw money behind AI companies, as they bet big on the transformational potential of the tech across enterprise.
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Abu Dhabi's sovereign wealth fund MGX on Wednesday announced it has closed a $49 billion fund to back AI companies, making it one of the biggest ever investment vehicles focusing on the sector.
Investors are racing to throw money behind AI companies, as they bet big on the transformational potential of the tech across enterprise.
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