Abu Dhabi's Lunate is considering a $1 billion investment in MGX, a state-backed AI investment firm. MGX, established in 2024, aims to manage $100 billion in assets for AI-driven technologies. It focuses on AI infrastructure, semiconductors, and core AI technologies, seeking global partnerships to advance AI adoption.
MGX's investment strategy includes semiconductor enablement, next-gen digital infrastructure, and sectors where AI can significantly impact, such as software and life sciences. MGX has partnered with BlackRock and Microsoft on AI infrastructure investments. A $1 billion commitment from Lunate would further Abu Dhabi's position as a global AI innovation hub.
Lunate, backed by ADQ and Chimera Investment, acts as both a general and limited partner for firms like BlackRock and Blackstone. If Lunate proceeds with the investment in MGX, it could lead to increased capital flow into global tech infrastructure, potentially impacting regions like India, where AI deployment is growing across various sectors.
