According to Bloomberg, MGX is providing financial support for Trump's $100 billion artificial intelligence initiative and has recently been actively involved in funding rounds for prominent companies in the field of artificial intelligence, including OpenAI, Elon Musk's xAI, and Databricks Inc. In January of this year, MGX joined OpenAI, SoftBank Group, and Oracle to support a $100 billion project called "Stargate." In September of last year, it partnered with BlackRock Inc. and Microsoft Corp. to launch a $30 billion plan aimed at building data warehouses and energy infrastructure.