Abu Dhabi’s MGX is reportedly in talks to invest in Anthropic’s latest $20 billion funding round, positioning the firm at the forefront of global artificial intelligence investment.
MGX is considering committing several hundred million dollars as part of the broader financing effort, Bloomberg reported. While details remain private, the size and structure of the deal are still under discussion, and an official announcement could be imminent, according to the report.
MGX would likely join Qatar Investment Authority in backing Anthropic, the creator of the Claude AI models. The Qatari wealth fund was among investors participating in Anthropic’s $13 billion fundraising round last year.
The investment would also place MGX, backed by Abu Dhabi’s $330 billion Mubadala fund and AI firm G42, at the center of the U.S. tech and media ecosystem, reinforcing its role as a key driver of Abu Dhabi’s ambitions in global AI.
Last year, MGX joined OpenAI, SoftBank and Oracle in backing Stargate, a $500 billion effort to expand AI infrastructure. It also supported Elon Musk’s xAI fundraising, partnered with BlackRock and Microsoft on a $30 billion energy-efficient data center initiative, and joined BlackRock’s $40 billion acquisition of Aligned Data Centers.
Beyond AI, MGX recently made headlines for taking a 15% stake in TikTok’s US operations alongside Oracle Corp. and Silver Lake Management, reflecting its growing influence across technology and media sectors. The firm also invested $2 billion in Binance, the world’s largest cryptocurrency exchange.
📌 Why it matters: MGX is emerging as a global bridge between the Middle East and US tech and media sectors, leveraging sovereign capital to gain early access to transformative AI and digital infrastructure.
📌 Bottom line: The firm’s strategic investments reinforce Abu Dhabi’s position as a major AI and tech investor, potentially shaping the next wave of innovation in artificial intelligence and data infrastructure.
📌 What it means for investors: MGX’s investments underscore opportunities for institutional and private investors to tap high-growth AI and tech ventures via sovereign-backed partnerships, while highlighting a rising flow of Middle Eastern capital into US-based innovation hubs.
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