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The Emirates Intelligencer

An Independent Daily Bulletin on Artificial-Intelligence Investment, Adoption and Deployment. Published by otonomi.co

Vol. I., No. 29 Tuesday, July 28, 2026 From the Archive
Sovereign Capital

MGX Raises $49 Billion for Abu Dhabi AI Fund

The fund close puts Abu Dhabi sovereign and strategic technology capital behind one of the largest dedicated investment pools for artificial intelligence infrastructure, semiconductors and AI platforms.

By The Otonomi Investment Desk

Abu Dhabi artificial intelligence investment firm MGX raised $49 billion for its first AI-focused fund, The National reported. The fund attracted institutional and private investors from the Gulf, North America, Asia and Europe, exceeding its original $45 billion target.

MGX was established in 2024 with Mubadala Investment Company and G42 as anchor partners and is chaired by Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser. The fund is intended to invest across the AI technology stack, including semiconductors, AI infrastructure, enabling technologies and platforms.

The firm has been investing globally in AI infrastructure, including the approximately $40 billion Aligned Data Centers transaction and plans with Nvidia, Bpifrance and Mistral AI around a major European AI campus.

The National

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Private-Sector AI

Dubai Plans Agentic AI Rollout Across 295,000 Companies

Dubai reviewed an executive plan to empower 295,000 companies with 100 specialised Agentic AI assistants over the next two years, Dubai Government Media Office reported. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said Dubai aims to become the world's leading hub for developing and deploying advanced AI solutions, with the private sector playing a central role.

The plan also supports the establishment of 50 Agentic AI companies, while the Dubai AI Campus now hosts more than 400 specialised companies and has trained more than 1,500 participants through its AI Academy. The AI Infrastructure Empowerment Platform has been used by 27 government entities and the Dubai Centre for Artificial Intelligence has delivered more than 108,000 hours of work support to government entities.

Dubai Government Media Office
Strategic Compute

G42 and Core42 Secure US Approval for Advanced Computing Items

G42 said the US Department of Commerce's Bureau of Industry and Security approved G42 and Core42 as authorised recipients of advanced computing items under the US-UAE AI framework and included the UAE in Country Group A:5.

The company said the approval reflects years of engagement across US administrations and work by the UAE and industry to build technology protection and compliance frameworks. G42 said it remains committed to trusted technology ecosystems, rigorous safeguards and deeper collaboration with US partners.

G42
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Further Dispatches
Founder Pipeline

Hub71 Opens AI Startup Route With Cash, Compute and Partner Access

Hub71+ AI is accepting applications for Cohort 20, with a 21 August 2026 deadline and a programme start in February 2027, according to Hub71. Startups onboarded to the programme receive AED250,000 in in-kind incentives and AED250,000 in cash through a SAFE note, with high-performing startups eligible for an additional AED250,000 after completion of the programme or after one year.

The specialist ecosystem gives AI startups access to compute power, technical resources, pilot project financing and partners including AI71, Core42, Amazon Web Services, Nvidia, Google for Startups, Hewlett Packard, Mohamed bin Zayed University of Artificial Intelligence and 42 Abu Dhabi. Hub71 said at least one founder is expected to commit to relocating long term and building a team in Abu Dhabi.

Hub71
Research Funding

Google.org Awards $1 Million to MBZUAI Language Research

Google.org provided $1 million in support to Thamar Solorio, Vice Provost of Faculty Excellence and Advancement and Professor of Natural Language Processing at Mohamed bin Zayed University of Artificial Intelligence, MBZUAI reported. The initiative will develop inclusive, high-performance AI for the region's diverse linguistic landscape.

The research focuses on low-resource languages in large language models and resource-lean AI, with training frameworks that require less manually annotated data and lower computational power. MBZUAI said the funding will support postdoctoral and early-career researchers and real-world applications in education, cultural preservation and digital communication.

MBZUAI
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