Abu Dhabi—MGX recently held its final board meeting of the year under the leadership of His Highness Sheikh Tahnoon bin Zayed Al Nahyan, reflecting on a period characterized by ambitious growth in AI initiatives across three continents. The session focused on the company’s transition from strategic planning to tangible implementation, enhancing its stature in the international AI sector.
The board reviewed MGX’s financial results for 2025 and approved the budget for 2026, marking a significant milestone in its rapid expansion plans. They also discussed advancements in global fundraising efforts and the increasing investment across the comprehensive AI landscape, including collaborations with prominent AI firms like OpenAI, xAI, and Databricks.
A key topic of discussion was MGX’s expanding AI infrastructure network. In the UAE, the firm is contributing to the development of Stargate UAE through investments in Khazna. European operations are gearing up for the launch of what is anticipated to be the largest AI campus in the continent near Paris, aiming for an operational capacity of 1.4 gigawatts. Meanwhile, in the US, MGX is enhancing next-gen digital infrastructure via increased investments in Vantage Data Centers, supporting Stargate initiatives projected to scale to 2.3 gigawatts in Texas and Wisconsin.
One of the year’s highlights was MGX’s acquisition of Aligned Data Centers, executed with the AI Infrastructure Partnership and Global Infrastructure Partners, a BlackRock subsidiary. Valued at approximately US$40 billion, this acquisition ranks among the largest private digital infrastructure investments. The board assessed Aligned’s growth strategies and new large-scale opportunities across the US.
Furthermore, the meeting underscored MGX’s strides in establishing AI-native institutional competencies. This includes the introduction of Ain, its AI Super-Agent aimed at aiding board and investment committee functions along with innovative AI systems for talent scouting and fluency evaluations—tools designed to enhance immediate insights and speed up decision-making processes.
Attending the session were senior leaders, including His Excellency Khaldoon Khalifa Al Mubarak, His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Peng Xiao, Martin Edelman, and Ahmed Yahia Al Idrissi.
Founded in March 2024 under the auspices of Abu Dhabi’s Artificial Intelligence and Advanced Technology Council, MGX remains committed to its role as a global technology investor with a focus on sectors such as semiconductors, infrastructure, frontier models, physical AI, life sciences, blockchain, and fintech—fields anticipated to shape the future economic landscape powered by AI.
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