MGX board reviews investments across the AI ecosystem
The Abu Dhabi investment firm cited participation in Anthropic and Databricks financings and an investment in SpaceX.
- Publish date: 2026-10-19
- Category: Standards & Policy
- Original source: Emirates News Agency (WAM)
- Reading time: 1 min read
MGX board reviews investments across the AI ecosystem
MGX said its board met in Abu Dhabi on 19 October to review investment activity, portfolio performance and strategy across the global artificial-intelligence ecosystem. The company cited participation in Anthropic’s Series H financing and Databricks’ strategic round, as well as an investment in SpaceX.
The source also discussed compute-capacity leasing and portfolio company revenue growth. The financing amounts and valuations are reported by MGX; the announcement does not mean those companies are UAE-owned or that the investments created local data-centre capacity.