Mgx stories

Jun 23, 2026

Abu Dhabi's MGX Raises $50 Billion for AI Infrastructure Investments

Abu Dhabi's MGX has raised close to $50 billion from regional and global investors to accelerate spending on artificial intelligence infrastructure and technology.

Jun 23, 20261 source

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Mar 31, 2026

OpenAI Closes Record $122 Billion Funding Round at $852 Billion Valuation

OpenAI has completed a $122 billion funding round—the largest in Silicon Valley history—valuing the company at $852 billion. The round includes $3 billion from retail investors and comes as the company prepares for an anticipated IPO later this year.

Mar 31, 202611 sources

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United Arab Emirates Abu Dhabi IPO

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OpenAI pauses development of Astra AI model over critical cybersecurity capability concerns

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