Overview
- MGX joined investors including Nvidia, Microsoft, BlackRock and xAI in a $40 billion purchase of Aligned Data Centers, described as the largest data‑center deal to date.
- The move builds on MGX’s role in the AI Infrastructure Partnership, which plans roughly $100 billion for U.S. AI build‑outs.
- MGX is also a partner in Stargate, a Trump‑endorsed venture that targets large‑scale AI infrastructure expansion.
- As part of a Trump executive order to keep TikTok operating in the U.S., MGX joined Oracle and Silver Lake to take a combined 45% stake in TikTok USA, with details still unannounced.
- MGX was formed from a G42–Mubadala joint venture and is chaired by UAE national security adviser Tahnoun bin Zayed, as Microsoft invests $1.5 billion in G42 and reports of MGX’s crypto dealings tied to the Trump family and Binance draw criticism from Sen. Elizabeth Warren.