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

Abu Dhabi’s state-backed MGX is finalizing an investment in Anthropic’s latest funding round, joining a $20+ billion raise for the AI startup. The deal underscores growing Middle Eastern interest in cutting-edge AI amid global competition. MGX’s commitment reportedly reaches hundreds of millions, though exact figures remain undisclosed. The investment aligns with Abu Dhabi’s strategy to diversify its tech portfolio beyond energy and finance. Anthropic, a rival to OpenAI, is attracting record funding as demand for advanced AI models surges. The round reflects investor confidence in its long-term potential despite high valuation risks. The deal follows MGX’s prior tech investments, including quantum computing and semiconductor ventures. This move further cements its role as a key player in global AI financing. Negotiations are private, with terms still being finalized. The funding could accelerate Anthropic’s R&D in AI safety and next-gen models, intensifying the US-China AI race.