Post by : Badri Ariffin

Abu Dhabi—MGX convened its last board meeting of the year chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, highlighting a year of swift AI-centric growth across multiple continents. The assembly marked the shift from visionary planning to large-scale implementation, solidifying MGX's position in the worldwide AI arena.

During the meeting, the board reviewed MGX’s financial outcomes for 2025, also approving the budget for 2026, a critical milestone in its growth trajectory. Discussions included updates on global fundraising endeavors and investment throughout the complete AI spectrum, in collaboration with leading AI entities like OpenAI, xAI, and Databricks.

Central to these discussions was the company's expanding AI infrastructure. In the UAE, MGX is actively involved in the Stargate UAE project, making significant investments in Khazna. In Europe, preparations are underway for an AI Campus near Paris, anticipated to be the largest in the region, potentially reaching 1.4 gigawatts when fully operational. Additionally, in the United States, MGX aims to enhance digital infrastructure through further investments in Vantage Data Centers, supporting Stargate projects projected to scale up to 2.3 gigawatts across Texas and Wisconsin.

A pivotal moment from the year was MGX's acquisition of Aligned Data Centers, executed through a partnership with the AI Infrastructure Partnership and Global Infrastructure Partners, part of BlackRock. With an estimated value of US$40 billion, it is among the most significant private digital infrastructure deals in history. The board also considered Aligned's forthcoming growth stages and new gigawatt-scale chances within the US market.

Furthermore, the meeting acknowledged MGX's progress in creating AI-native institutional capabilities, like the launch of Ain, its AI Super-Agent intended for board and investment committee support, alongside new AI systems for talent identification and fluency assessment, all aimed at enhancing real-time insights and expediting decision-making across the enterprise.

Notable attendees included 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 by Abu Dhabi’s Artificial Intelligence and Advanced Technology Council, MGX is dedicated to becoming a leading global technology investor across sectors including semiconductors, infrastructure, advanced models, physical AI, life sciences, blockchain, and fintech—areas pivotal to shaping the future economic landscape driven by AI.

#Global News #Abu Dhabi News #UAE News