Abu Dhabi-based technology investment firm MGX has participated in a major capital raise for AI developer Anthropic, extending a string of frontier-AI bets the firm has placed over the past year (per The National and Arabian Business).
Co-leading the Series G
MGX co-led Anthropics $30 billion Series G funding round, which valued the maker of the Claude assistant at $380 billion. Co-leaders alongside MGX included GIC, Coatue, DE Shaw Ventures, Dragoneer, Founders Fund and ICONIQ, with Qatar Investment Authority, Temasek, Morgan Stanley Investment Management, BlackRock affiliates, Blackstone, Jane Street and JPMorgan Chase joining as additional investors (per Arabian Business).
Continued backing
MGX has publicly framed its participation as support for Anthropics investment in AI safety and interpretability research, expanded compute capacity for the Claude product line, and the scaling of partnerships used by enterprise customers worldwide (per The National). The firm previously joined an earlier Anthropic raise reported by Bloomberg, signalling a deliberate strategy of repeat allocations into the same frontier-model platform rather than a single opportunistic ticket.
A $100 billion ambition
The Anthropic positions sit inside a much broader MGX programme. The firm is racing toward a target of more than $100 billion in assets under management, backed by Abu Dhabis sovereign wealth and growing ties to Wall Street allocators (per Bloomberg). MGX has signalled it envisions roughly $10 billion in annual deployment into AI over the next several years, spanning model labs, compute infrastructure, and adjacent enterprise software (per The Circuit).
Why it matters for Abu Dhabi
For the UAE capital, the Anthropic stake reinforces an emerging thesis that controlling capacity at the model-developer layer, not just at the data-centre and chip layers, is essential to long-run AI sovereignty. MGX has previously taken positions alongside US hyperscalers and OpenAI-aligned vehicles, and the repeated Anthropic participation diversifies that exposure across the two leading Western frontier-model developers.
Deal mechanics
Neither MGX nor Anthropic has disclosed the specific dollar size of the Abu Dhabi commitment within the broader round. Anthropic has said the capital will go toward expanding compute for Claude, scaling safety and interpretability research teams, and supporting enterprise rollouts in coding, customer support and analytics workloads (per Arabian Business).
