Abu Dhabi-based MGX is reportedly close to finalizing a deal to invest hundreds of millions of dollars into Anthropic as part of a landmark funding round expected to surpass $20 billion. The potential investment signals another aggressive move by the UAE to secure a strategic position at the forefront of the global artificial intelligence race.
According to sources familiar with the discussions, the round would value Anthropic at approximately $350 billion, more than double the initial target. While no final agreement has been confirmed, the participation of MGX would place the Emirati firm among the world’s most active sovereign-backed investors in frontier AI.
A Diversified Sovereign AI Portfolio
Since its establishment, MGX has moved swiftly to build a powerful portfolio of stakes in leading AI developers. The firm already holds positions in OpenAI and xAI, making it one of a select few investors with exposure to multiple top-tier AI research labs.
An investment in Anthropic, a prominent rival to OpenAI, would significantly deepen this strategy. It underscores a broader trend of Gulf capital targeting not just AI software but the entire ecosystem, including the critical infrastructure that powers it. This was previously demonstrated by MGX’s participation in the $40 billion acquisition of Aligned Data Centers alongside BlackRock, highlighting its focus on the physical backbone of the AI industry.
Anthropic’s Rapid Ascent
Founded by former OpenAI researchers and led by CEO Dario Amodei, Anthropic has emerged as a key competitor in the generative AI space. The company has seen its revenue run rate more than double in recent months, driven by the release of powerful new models tailored for enterprise applications in sectors like finance and legal services.
This latest funding round comes just five months after Anthropic raised $13 billion in a financing that notably included the Qatar Investment Authority (QIA). The new capital injection would once again reprice the company upward, reflecting the intense investor appetite for companies building large-scale foundational AI models.
Gulf Capital Reshaping Global AI
Anthropic’s massive fundraising effort highlights the escalating competition among AI leaders, where access to capital has become as crucial as technical talent and computing resources. The round is reportedly attracting commitments of over $1 billion from global giants like Coatue Management, Singapore’s GIC, and Iconiq Capital.
For a sovereign investor like MGX, the deal represents more than just financial returns. It is a strategic move to secure direct exposure to a transformative technology that is reshaping industries worldwide. If finalized, MGX’s investment would further cement Abu Dhabi’s status as a global capital hub for artificial intelligence, reinforcing a regional shift where sovereign wealth funds are evolving from passive allocators to active shapers of the future AI economy.
About MGX
MGX is an Abu Dhabi-based technology investment company focused on deploying capital to accelerate the development and adoption of artificial intelligence and advanced technologies. Backed by sovereign interests, it aims to build a diversified portfolio of leading global technology companies and support the UAE’s strategic AI ambitions.
About Anthropic
Anthropic is an American AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems. Founded by former members of OpenAI, the company has developed a family of large language models known as Claude, which are designed to be helpful, harmless, and honest.
Source: Waya
