MGX was established in 2024 by the government of Abu Dhabi to channel investments into AI-driven technologies and startups and to foster innovation and drive economic growth within the region. In September 2024, MGX,
BlackRock, and
Microsoft announced the
Global AI Infrastructure Investment Partnership, an AI investment fund that will focus on data centers and their power infrastructure. In January 2025, MGX partnered with
OpenAI,
SoftBank, and
Oracle on the
Stargate Project. In March 2025, MGX made a minority investment in
Binance, using
World Liberty Financial's
Stablecoin for the $2 billion investment. The transaction was announced by the
Trump family, with
The New York Times calling the announcement "a public and vivid illustration of the ethical conflicts swirling around
Mr. Trump’s crypto firm." MGX, as of July 2025, was working with
Mistral and
Nvidia to build the largest AI data center campus in Europe. MGX had announced in early 2025 that it planned to invest US$31.2 billion to US$52 billion in the new data center campus in France, to have a one-gigawatt capacity focused on AI. On September 25, 2025, Trump approved a deal where
TikTok in the United States would be controlled by a new US-controlled entity with Oracle, Silver Lake, and MGX collectively holding around 45% of the company and ByteDance retaining less than 20%. The new company
TikTok USDS was established in January 2026. In October 2025, a consortium involving MGX, AIP, and BlackRock's GIP agreed to acquired Aligned Data Centers for $40 billion from Macquarie Asset Management. It was reported as the largest global data center deal to date. == Operations ==