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KeyRank 92UAE's MGX raises one of the biggest AI funds ever as it closes at $49 billion
Sovereign wealth is reshaping AI's cap table. MGX's $49B close signals that geopolitical players are now equal-footing with US VCs in determining who wins the model wars and infrastructure race.
Why it ranks · · MGX closes $49 billion AI fund · Jun 29 – Jul 5, 2026
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