The Abu Dhabi sovereign wealth fund would lead a round of investment into the 500-megawatt project in the Akita prefecture of northern Japan, according to reports

LIV went into crisis in April when the PIF said it would withdraw its backing, following years of heavy losses and weak television audiences

The cost of the project, located on Al Marjan Island in Ras Al-Khaimah, has risen by $600 million due to higher material and shipping expenses

Mubadala plans to devote about $170 billion to U.S. interests, roughly 44% of its portfolio, spanning AI and healthcare to energy and manufacturing

The Oxagon facility is designed as an 'AI factory,' pairing high-speed connectivity with renewable energy, cooling systems and data storage