Mgx

Abu Dhabi investment vehicle MGX is in discussions to commit several hundred million dollars to US-based artificial intelligence company Anthropic, which is developing the Claude chatbot, as part of a $20 billion fundraising round. This investment aims to support the company's growth in the AI sector.

Abu Dhabi-based MGX is reportedly nearing a deal to invest hundreds of millions of dollars in Anthropics' funding round, which aims to raise over $20 billion. This investment would enhance MGX's AI portfolio, which includes stakes in OpenAI and XAI. Anthropics, a competitor to OpenAI, has seen strong investor demand, potentially valuing the company at $350 billion, with commitments exceeding $1 billion from major investors like Coatue Management and GIC.