MGX Said to Near Investment in Anthropic’s $20 Billion Fundraise

Abu Dhabi’s MGX is nearing a deal to join Anthropic PBC’s latest funding round, people familiar with the matter said, adding to its commitment to one of the most prominent artificial intelligence startups.

MGX is in talks to provide hundreds of millions of dollars to Anthropic as part of a funding round that’s set to raise more than $20 billion overall, the people said, asking not to be identified because the details are private.

An announcement about the proposed investment is likely in the coming days, the people said. No final decisions have been made and the size and ...