Abu Dhabi’s MGX investments in Trump crypto, TikTok, OpenAI
UAE National Security Advisor, Sheikh Tahnoon bin Zayed Al Nahyan meets with U.S. President Donald Trump in the White House on March 18, 2025.
Courtesy: Donald J. Trump | Via Truth Social
As artificial intelligence startups raise increasingly large sums of cash to fund their swelling infrastructure needs, they’re turning to strategic partners like Nvidia and big venture firms such as Thrive Capital, Sequoia and Andreessen Horowitz.
But one major financier has a name that’s less familiar in the world of tech investing: MGX.
Backed by Abu Dhabi’s sovereign wealth fund and launched in March 2024, MGX has emerged as a key source of capital as hyperscalers Microsoft, Meta and Google, and startups like OpenAI race to build out the enormous…
