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MGX is an AI and advanced technology investment firm based in the United Arab Emirates, established in March 2024. The firm is a joint venture between Mubadala, Abu Dhabi's sovereign wealth fund, and G42, a prominent AI company based in Abu Dhabi. MGX aims to create one of the world's most advanced AI ecosystems while partnering with global leaders in AI to drive progress and create value.
As of 2025, MGX targets an Assets Under Management (AUM) of $100 billion and is actively considering a capital raise of $25–50 billion from external limited partners. The firm focuses on investing in technologies that have a significant economic and social impact, emphasizing responsible development in the AI sector. MGX is recognized as one of the most consequential new entrants in global AI investment.
MGX invests across the entire AI sector, with particular emphasis on semiconductors, AI infrastructure, and AI technology. The firm enables the semiconductor value chain, which includes design, manufacturing, and automation. In terms of AI infrastructure, MGX focuses on scaling next-generation digital infrastructure, including data center platforms and compute infrastructure.
Investment areas also include software, tech-enabled services, life sciences, and automation, where AI can deliver substantial value. MGX's investment strategy is built on three pillars: AI infrastructure, semiconductors, and core AI technologies and applications. The firm seeks to accelerate the responsible development of AI-led technologies that deliver positive economic and social impacts.
MGX collaborates with a range of global leaders in AI and technology, including:
These partnerships enhance MGX's ability to drive innovation and create value in the AI sector. The firm is also involved in significant investments, including participation in a $6.6 billion share sale for OpenAI, which valued the company at $500 billion. Additionally, MGX is a founding partner in the multibillion-dollar Stargate Project, alongside OpenAI, SoftBank, and Oracle.
His Highness Sheikh Tahnoon Bin Zayed Al Nahyan - Chairman. Sheikh Tahnoon has a prominent role in shaping the investment landscape in the UAE.
His Excellency Khaldoon Khalifa Al Mubarak - Vice Chairman. Khaldoon is known for his leadership at Mubadala and extensive experience in global investments.
His Excellency Jassem Al Zaabi - Board Member. Jassem brings a wealth of experience in finance and investment management.
Peng Xiao - Board Member. Peng has a strong background in technology and investment, contributing to MGX's strategic direction.
Martin Edelman - Board Member. Martin has significant experience in venture capital and technology investments.
Ahmed Yahia Al Idrissi - Managing Director and Chief Executive Officer. Ahmed leads MGX's investment strategy and operations, focusing on AI and advanced technologies.
Danny Dweik - Chief Operating Officer and Chief Finance Officer. Danny oversees the firm's operational and financial strategies.
Ali Osman - Chief Investment Officer, Artificial Intelligence. Ali is responsible for guiding MGX's investments in AI technologies.
To pitch MGX, founders should send their proposals via email to compliance@mgx.ae. It is essential to include a comprehensive pitch deck that outlines the startup's vision, market potential, and competitive advantages. MGX prefers detailed information on the team and their backgrounds, as well as any traction or milestones achieved to date.
Response times may vary, but founders should expect a thorough review process given the firm's focus on responsible investment in AI technologies.
In October 2025, MGX participated in a $6.6 billion share sale for OpenAI, valuing the company at $500 billion. This investment highlights MGX's commitment to leading advancements in AI technology.
In January 2025, MGX became a founding partner of the Stargate Project, a multibillion-dollar initiative aimed at enhancing AI capabilities in the U.S. Additionally, MGX announced a partnership with BlackRock and Microsoft to establish the Global AI Infrastructure Investment Partnership, focusing on data centers and power infrastructure.
In October 2025, MGX was involved in the largest global data center deal, acquiring Aligned Data Centers for $40 billion in a consortium with AIP and BlackRock.
What stages does MGX invest in?
MGX invests in Seed, Series A, Series B, Series C, and Growth Equity stages, providing capital across various phases of startup development.
What is MGX's investment focus?
The firm focuses on the AI sector, particularly in semiconductors, AI infrastructure, and AI technology, including software and life sciences.
How can I pitch to MGX?
Founders can reach out via email at compliance@mgx.ae. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes MGX different from other investors?
MGX combines the backing of Mubadala and G42, providing both institutional credibility and geopolitical weight. The firm emphasizes responsible development in AI technologies that have significant economic and social impacts.
What is MGX's geographic focus?
MGX has a global investment strategy with a particular emphasis on the Asian market, reflecting its commitment to building a leading AI ecosystem.
What kind of support does MGX provide to portfolio companies?
MGX offers strategic support through its extensive network of partners and expertise in AI and advanced technologies, helping portfolio companies drive innovation and growth.
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