Abu Dhabi's MGX Closes $49B AI Fund at Record Size
MGX closes its first AI fund at $49B, beating a $45B target, after co-leading the biggest funding rounds for OpenAI, Anthropic, and xAI over the past six months.
Daniel Okafor
AI Industry & Policy Reporter
Daniel is a tech reporter who covers the business side of artificial intelligence - funding rounds, corporate strategy, regulatory battles, and the power dynamics between the labs racing to build frontier models. Before joining Awesome Agents, he spent four years at Reuters covering the intersection of technology and finance, with a particular focus on how venture capital shapes the AI industry.
He holds a degree in Economics from the London School of Economics and a postgraduate diploma in Journalism from City, University of London. His economics training shows in his reporting: he follows the money, reads the filings, and is skeptical of growth narratives that do not come with numbers attached.
At Awesome Agents, Daniel covers AI industry news with an emphasis on deals, policy, competition, and market dynamics. He is especially interested in the geopolitics of AI - export controls, chip restrictions, and the US-China-EU regulatory landscape. His reporting tends to focus on who benefits, who pays, and what the incentives actually are.
Based in London, UK.
Articles by Daniel Okafor
Meta Builds Cloud Business to Sell Excess AI Compute
Meta is building a cloud business to sell excess AI compute capacity, sending its stock up 8% while CoreWeave dropped 13% and Nebius fell 15%.
AWS Bets $1B to Embed AI Engineers at Client Sites
Amazon's new Forward Deployed Engineering unit places AI specialists inside enterprise clients to build and ship agentic systems in weeks, following similar programs already launched by OpenAI and Anthropic.
California Signs Anthropic Deal for Claude at Half Price
California gives all state agencies access to Claude at 50% off, as Newsom publicly breaks with the federal government's hostile stance toward Anthropic.
Apple's Vision Pro Chief Joins OpenAI Hardware Unit
Paul Meade, Apple's VP for the Vision Pro and smart glasses, is joining OpenAI's io hardware division - the most senior hardware engineering defection yet in a two-year talent war that is reshaping who builds the next computing platform.
Ban on Anthropic Models Fuels Asia's AI Race
Two weeks after the US banned Anthropic's Mythos 5 and Fable 5 globally, Tokyo's Sakana AI and China's 360 Security have moved to fill the vacuum with frontier-class alternatives.
Anthropic Tells Senate Alibaba Stole Claude's Capabilities
Anthropic accused Alibaba's Qwen lab of running 28.8 million unauthorized exchanges against Claude through 25,000 fake accounts, and urged Congress to tighten export controls on AI model access.
Amazon Tops Hyperscalers With $48B India AI Pledge
Amazon CEO Andy Jassy pledged $48 billion for India through 2030 after meeting PM Modi, outspending Microsoft and Google on AI infrastructure in the world's fastest-growing cloud market.
Qualcomm Bets $14B to Shatter Nvidia's AI Lock-In
Qualcomm confirmed a $3.9B acquisition of AI software startup Modular and is in advanced talks to buy RISC-V chip designer Tenstorrent for up to $10B, betting that open hardware and a portable compiler can dislodge Nvidia from the data center.
Cerebras Grew 92% - Investors Saw the Margins and Sold
Cerebras beat Q1 revenue estimates with 92% growth but a dramatic margin guidance cut sent shares down 20%, erasing nearly all gains since its landmark semiconductor IPO.
Agility Robotics Goes Public in $2.5B SPAC Deal
Agility Robotics merges with Churchill Capital XI at a $2.5B valuation, becoming the first publicly traded pure-play humanoid robot company with robots already earning commercial revenue.
AI Job Cuts in 2026 Already Beat All of Last Year
Challenger, Gray & Christmas data shows 87,714 US jobs have cited AI as a cut reason through May 2026 - already past all of 2025's total - while companies post record profits.
