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 computing power needed to meet expected AI demand.

In September, MGX made another big splash, joining Oracle and Silver Lake in President Donald Trump 's push to get TikTok under U.S.

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