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Mubadala Targets Opportunities in AI and Robotics, CEO Says

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Abu Dhabi sovereign wealth fund Mubadala is stepping up its focus on artificial intelligence and robotics, identifying the convergence of the two as a key driver of future industrial growth, according to its group chief executive.

Speaking at the World Economic Forum in Davos, Khaldoon Al Mubarak said the intersection of AI and robotics could significantly reshape manufacturing and broader industry. He noted that the pace of technological change has shortened traditional investment horizons, making even five-year outlooks difficult to predict.

With assets of about $330 billion, Mubadala has expanded its technology portfolio in recent years, building positions across semiconductors, data centres, and AI infrastructure. Al Mubarak said robotics is becoming increasingly relevant as AI capabilities mature and begin to translate into physical automation.

Beyond industrial technology, Mubadala is also prioritising investments in life sciences, healthcare, and biotechnology, sectors the CEO said are likely to be transformed by AI-driven innovation. He added that the fund is preparing for a new phase of growth in Africa, as it looks to diversify geographically while aligning with long-term structural trends.

Abu Dhabi’s MGX Eyes Up to $25 Billion for AI Investments

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Abu Dhabi-based investment group MGX is exploring plans to raise as much as $25 billion from third-party investors to expand its artificial intelligence portfolio, Bloomberg News reported, citing sources familiar with the matter. The group, already backed by Mubadala Investment Co and AI firm G42, would retain these as its main supporters while seeking additional funding from both domestic and international financial and strategic investors.

MGX, chaired by Sheikh Tahnoon bin Zayed Al Nahyan — the UAE’s national security adviser and brother of President Sheikh Mohammed bin Zayed — has existing stakes in OpenAI and Elon Musk’s xAI. The potential fundraising aims to accelerate its role in the global AI race. No final decision on the plan has yet been made.

The news follows reports from the Financial Times that French AI startup Mistral is in talks with MGX and other investors to secure $1 billion in funding at a $10 billion valuation, further highlighting the UAE’s growing influence in AI investments.

Institutional Investors Rebalance Bitcoin ETF Positions Amid Q1 Price Slump

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Institutional investors showed mixed sentiment toward spot Bitcoin exchange-traded funds (ETFs) in the first quarter of 2025, with several high-profile asset managers reducing their stakes as Bitcoin’s price fell 12%. The shift contrasts with earlier quarters, when interest in the new ETF asset class had been rising steadily.

The data, drawn from recent SEC 13-F filings, reflects growing complexity in institutional strategies toward spot Bitcoin ETFs, which debuted in January 2024.

Hedge Funds Trim, Advisors Rebalance:

  • Hedge funds notably reduced exposure, largely due to the collapse of the bitcoin futures premium, which previously enabled a profitable basis trade.

“The premium collapsed and reached its nadir around the end of March,” said Matt Hougan, CIO of Bitwise Asset Manager. “I’m not surprised to see hedge funds trim their holdings.”

Notable Moves:

  • Millennium Management LLC:

    • Cut its iShares Bitcoin Trust (IBIT) stake by 41% to 17.6 million shares

    • Exited its position in the Invesco Galaxy Bitcoin ETF (BTCO)

    • Increased positions in ARK 21 Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Mini Trust (BTC.P)

  • Brevan Howard reduced its IBIT stake by 15.6%

  • State of Wisconsin Investment Board fully sold its 6 million-share stake in IBIT

  • Brown University entered the crypto ETF space for the first time, with a $4.9 million stake in IBIT

  • Abu Dhabi’s Mubadala added to its IBIT position, now holding 8.7 million shares worth $408.5 million

Broader Trends:

While hedge funds pulled back, sovereign wealth funds and universities showed growing interest or continued commitment, reflecting longer-term strategic positioning rather than short-term trading.

“What will be most important… is whether more investment advisory firms are stepping in,” said Hougan.
“That wave of adoption may be a slow-moving train, but it has forward momentum.”

Outlook:

Despite recent volatility and shifting positions, institutional investment in spot bitcoin ETFs is far from fading. The Q1 data suggests that risk appetite and investment horizons continue to diverge across institutional types, highlighting the evolving role of crypto in diversified portfolios.