funding target

Abu Dhabi’s Lunate weighs $1 billion AI investment in MGX

Lunate works with many of the world’s largest firms including BlackRock, Blackstone, CVC Capital Partners and Brookfield Asset Management

FADEL SENNA/AFP via Getty Images

Lunate is based in Abu Dhabi

Abu Dhabi’s Lunate investment firm is spearheading a new push to bolster the UAE’s global position in developing artificial intelligence technology.

The two-year-old Abu Dhabi asset manager is now considering a possible investment of up to $1 billion...