G42

Saudi Arabia’s AI company HUMAIN will provide 50 megawatts of computing power to Canada’s Cohere starting in late 2027. The deal, announced during Canadian Prime Minister Mark Carney’s visit, reflects improved bilateral relations and Saudi Arabia’s push to become an AI infrastructure hub. Cohere and HUMAIN will also collaborate on Arabic-language AI models.

Microsoft is expanding its AI partnership with the UAE to automate government tasks, with Copilot software already deployed to 35,000 Abu Dhabi government employees. Inception42, a subsidiary of G42, is developing AI agents to handle procurement and other administrative tasks, supported by Microsoft’s $15.2 billion investment commitment to the UAE by 2030 and a stake in G42.

Abu Dhabi’s MGX has raised $50 billion for AI investments, supported by regional sovereign wealth funds and global investors. The fund, launched in 2024 and chaired by Sheikh Tahnoon bin Zayed, aims to diversify the economy through AI. It has already invested in OpenAI, xAI, and Anthropic.

AIQ, a joint venture between ADNOC and G42's Presight, is expanding to the US and other international markets after developing AI tools to enhance safety and production at ADNOC. The firm has created nearly 300 AI use cases, reducing downtime and improving efficiency, and aims to adapt its technology for global oil and gas companies.

Sam Altman, CEO of OpenAI, canceled a planned visit to Abu Dhabi amid uncertainty related to the Iran war, with meetings intended with Mubadala, G42, MGX, and ADNOC. OpenAI, which is preparing for a public market debut, has deep ties to UAE entities, including MGX, an investor in the company.

Abu Dhabi's MGX is expanding its AI data center investments in France with a €7.5 billion joint venture involving Bpifrance, Nvidia, and Mistral. The project includes 3 gigawatts of water-free cooling compute capacity powered by France’s nuclear grid and a separate Core42 expansion in Buffalo, New York, to 60 megawatts.

UAE-based MGX increased its pre-IPO stake in Anthropic following a $65 billion fundraise, which values the AI company at $965 billion. MGX, chaired by Sheikh Tahnoon bin Zayed, holds stakes in Anthropic, OpenAI, and xAI, all expected to go public in 2024. Anthropic initially rejected regional investments but later accepted funding from Gulf states including the UAE, Qatar, and Saudi Arabia.

M42, an Abu Dhabi healthcare company backed by Mubadala, is pitching its genomic sequencing capabilities to governments and pharmaceutical companies worldwide. The firm has sequenced nearly 1 million genetic samples and is launching AI chatbots for chronic disease management, starting with kidney.com. M42 plans to expand its data-driven healthcare model globally and develop additional condition-specific platforms.