Abu Dhabi’s MGX Weighs Raising Billions for AI Investment Fund

Abu Dhabi-based MGX is considering plans to raise billions of dollars in third-party capital as it looks to ramp up investments in artificial intelligence, according to people familiar with the matter.

The firm aims to raise money through a fund structure for investments in AI infrastructure, the people said, declining to be identified as the information is private. MGX could raise as much as $25 billion for the vehicle, making it among the world’s largest entities of its kind, one of the people said.

As part of their plans, executives are weighing raising money from financial and strategic investors in ...