Sovereign wealth funds are cashing in on the AI rally: Assets under management (AUM) of global sovereign wealth funds are up to a record $15.2 trillion, marking the 3rd-consecutive annual increase. Since 2022, AUM has risen +$4.6 trillion, or +43%, amid the AI rally. In 2025 alone, state-owned investment funds poured +$66 billion into AI and digitalization investments. Middle East sovereign wealth funds led the spending, with Abu Dhabi’s Mubadala Investment Co. investing $12.9 billion, followed by the Kuwait Investment Authority with $6 billion, and the Qatar Investment Authority with $4 billion. The Middle East remains a major center of sovereign wealth, with funds from Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman making up 43% of all capital deployed by state-owned investors worldwide, totaling $126 billion. AI has become the major engine of sovereign wealth investing.