Apr 25, 2025, 4:53 PM
Apr 25, 2025, 4:53 PM
Abu Dhabi's MGX commits billions to US AI infrastructure investment
Provocative
- MGX aims to invest $8-$10 billion annually in AI, focusing on U.S. companies.
- The firm is involved in a partnership expected to generate $30 billion for AI infrastructure.
- There is high demand for AI data center capacity, with expected growth from 60 to 200-300 gigawatts.
In a recent announcement, the Abu Dhabi-based investment firm MGX revealed plans to invest between $8 billion and $10 billion each year in artificial intelligence infrastructure and related companies, predominantly in the United States. As stated by Ali Osman, the chief investment officer of MGX, this strategy represents an optimistic outlook on the transformative potential of AI technology, despite short-term economic growth concerns. The firm is preparing to take a long-term view, with investments aimed at supporting substantial growth over the next 5 to 10 years.
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