🇦🇪 United Arab Emirates: AI money in and out

After closing the $40B buyout, the MGX, AIP and BlackRock GIP consortium commits a further $5B to expand Aligned's AI capacity.

Microsoft and G42 add 200 MW of capacity via G42 unit Khazna, part of Microsoft's $15.2B UAE investment through 2029.

G42 builds a 1 GW cluster in Abu Dhabi for OpenAI, with Oracle, Nvidia, Cisco and SoftBank; first 200 MW expected in 2026. Amounts not disclosed.

MGX, Bpifrance, Mistral AI and Nvidia launch a JV for Europe's largest AI campus, 1.4 GW near Paris.

Preliminary US-UAE deal: up to 500,000 advanced Nvidia chips a year, 20% to G42 and the rest to Microsoft, Oracle and other US groups.

G42, with MGX and Silver Lake, buys e&'s 40% of Khazna, the data centre builder behind Stargate UAE.

France and the UAE announced a 1 GW AI campus funded via MGX with €30-50B; in May it became a joint venture with Bpifrance, Mistral and Nvidia.

The Emirati fund MGX contributes about $7 billion to the Stargate JV, according to The Information.

Microsoft takes a minority stake in G42; G42 uses Azure for its AI services.