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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. 42 Tuesday, August 11, 2026 From the Archive
Sovereign Capital

MGX Board Reviews OpenAI and Isomorphic Investments Across Expanding AI Portfolio

Abu Dhabi's national AI investment company is widening its exposure from frontier models to drug discovery and infrastructure as contracted capacity in its portfolio moves toward 8 gigawatts.

By The Otonomi Investment Desk

H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of MGX, chaired the company's second board meeting of 2026, reviewing new investments and performance across a portfolio that Abu Dhabi Media Office said continues to expand across the AI tech stack.

The board reviewed MGX's participation as co-lead in OpenAI's latest $122 billion funding round, its fifth follow-on investment in the company, and its participation in Isomorphic Labs' $2.1 billion Series B round, MGX's first move into AI-enabled drug discovery. The board also reviewed contracted capacity by MGX portfolio companies, which is projected to exceed 8 gigawatts by the end of 2026.

Ahmed Yahia Al Idrissi, chief executive officer and managing director of MGX, said the firm continues to invest across frontier models, platforms and the infrastructure required to scale them globally. The meeting was also attended by Khaldoon Khalifa Al Mubarak, Jassem Mohamed Bu Ataba Al Zaabi, Peng Xiao and Martin Edelman.

Abu Dhabi Media Office Read original source

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AI Infrastructure

G42, OpenAI and Global Partners Launch Stargate UAE in Abu Dhabi

G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco announced a partnership to build Stargate UAE, a next-generation AI infrastructure cluster at the newly established 5-gigawatt UAE-US AI Campus in Abu Dhabi, the Abu Dhabi Media Office said. The launch took place in the presence of President Sheikh Mohamed bin Zayed Al Nahyan.

Stargate UAE will be a 1-gigawatt compute cluster built by G42 and operated by OpenAI and Oracle, with NVIDIA supplying Grace Blackwell GB300 systems, Cisco providing secure AI-ready connectivity and SoftBank Group participating in the alliance. The first 200-megawatt AI cluster is expected to go live in 2026, while the wider 10-square-mile campus is described as the largest such deployment outside the United States.

Abu Dhabi Media Office Read original source
Sovereign Compute

G42 and India Formalise 8-Exaflop Condor Galaxy Supercomputer Framework

G42 and the Government of India formalised the framework and commercial terms for Condor Galaxy India, an 8-exaflop AI supercomputing cluster comprising 64 Cerebras CS-3 systems. G42 said the exchange took place during Prime Minister Narendra Modi's state visit to Abu Dhabi and was witnessed by UAE President Sheikh Mohamed bin Zayed Al Nahyan and Modi.

The Abu Dhabi-based technology group will work with India's Centre for Development of Advanced Computing on installation, deployment, operations and maintenance. G42 said the cluster will support joint research and development in sectors including health and genomics, energy and geospatial analytics, extending the G42-Cerebras Condor Galaxy network into India.

G42 Read original source
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Further Dispatches
Trade Intelligence

UAE Foreign Trade Ministry Taps Presight to Build AI Platform

The Ministry of Foreign Trade signed an agreement with Presight, the Abu Dhabi-based G42 company, to build the Ministry of Foreign Trade AI Platform, a suite of AI-powered trade tools intended to support faster foreign trade and embed AI across the ministry's core functions. Presight said the platform is designed to make the ministry the world's first AI-driven trade ministry.

The platform will analyse data from ports, shipping routes, international laws, trade deals and customs records in real time, helping public and private-sector users forecast trade disruptions, identify growth opportunities, understand market access requirements and use services such as smart certificates of origin. Presight said the platform is one of the eight strategic pillars of the UAE Global Center of Trade programme.

Presight Read original source
Health Adoption

startAD and Google.org Release AI Barometer for UAE Healthcare Sector

startAD, the Abu Dhabi-based startup accelerator powered by Tamkeen and anchored at NYU Abu Dhabi, launched an AI Adoption Barometer developed through its AI for Good initiative with support from Google.org. NYU Abu Dhabi said the barometer draws on insights from 52 UAE-based organisations in healthcare and social impact sectors.

The report found that 81 percent of surveyed healthcare organisations have defined AI use cases and 58 percent are already piloting or deploying solutions, while 42 percent have no dedicated AI budget. startAD also released two implementation playbooks covering AI use-case discovery and evaluating and piloting AI solutions through a new AI Resource Hub.

NYU Abu Dhabi Read original source
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