American billionaires Thomas Tull and Mark Walter have formally launched a massive AI investment venture by merging their fortunes into a new holding company, TWG Global, with plans to raise $15 billion from outside investors. The joint initiative will focus on deploying artificial intelligence to drive large-scale acquisitions and investments in financial services, defense, and sports.
Mubadala Backs $10B Commitment as TWG Eyes AI Infrastructure
TWG Global is close to finalizing its ambitious $15 billion equity raise, with major backing from Abu Dhabi’s Mubadala Capital, which is syndicating a $10 billion preferred equity investment. As part of the agreement, TWG will also acquire a 5% stake in Mubadala’s investment business, deepening strategic ties.
Tull, best known for founding Legendary Entertainment and investing in defense and cybersecurity startups, stated the goal of the venture is to use AI to identify high-value investment opportunities. Walter, CEO of Guggenheim Partners and co-owner of the Los Angeles Dodgers and Chelsea FC, brings deep financial expertise to the partnership.
AI Platform with xAI and Palantir
One of TWG’s first large-scale initiatives is a strategic AI platform for financial services, with Elon Musk’s xAI and data analytics company Palantir collaborating. The aim is to create an advanced system that brings together massive amounts of disorganized financial data, images with PDFs, and audio recordings. The system will combine Palantir’s proven software stack to ingest large and complex datasets with xAI’s Grok, an AI model that suggests reasoning over datasets.
AI to Guide Investment Strategy in Global Sectors
TWG Global plans to use machine learning and AI to identify acquisition targets and streamline performance across its holdings. This tech-first approach is expected to give TWG a competitive edge as it targets opportunities across sectors often untouched by advanced data tools, including professional sports, defense contracting, and traditional finance.
TWG Global Emerges as AI Powerhouse in Global Investments
With its $15 billion fundraising effort nearly complete, TWG Global is poised to be a force in the next wave of AI-enabled investing. Backed by the combined might of Tull and Walter’s fortunes, the firm is blending cutting-edge tech with institutional investment power. As the partnership with xAI and Palantir unfolds, TWG could redefine how capital is deployed across some of the world’s most complex sectors.
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