Abu Dhabi’s technology investment company, MGX, has endorsed a series of major investments into global artificial intelligence leaders, reinforcing the UAE capital’s ambition to be at the forefront of the AI revolution. During the company’s second board meeting of 2025, chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, the board approved significant capital deployments across the AI technology stack, from semiconductors to applications. His Highness highlighted MGX’s global role in advancing innovation to enhance productivity and foster a more sustainable future.
Strategic Investments Across The AI Stack
The board reviewed and approved investments designed to build a comprehensive portfolio in the AI sector. The strategy targets key layers of the technology stack, including foundational hardware, critical infrastructure, and cutting-edge applications. This multi-faceted approach signals MGX’s intent to become a pivotal player in the global development and adoption of advanced technologies.
Backing Industry Giants
Demonstrating its conviction in the sector’s top performers, MGX has made several high-profile investments. The company confirmed an additional major investment in OpenAI, participating in its latest funding round which valued the AI research and deployment company at $300 billion. The move underscores MGX’s confidence in OpenAI’s accelerating product momentum and revenue growth.
In the semiconductor space, MGX partnered with private equity firm Silver Lake to acquire a 51 per cent stake in Altera. The deal valued Altera at $8.7 billion, establishing the world’s largest independent pure-play FPGA (Field-Programmable Gate Array) business. Furthermore, MGX co-led the $1 billion Series K funding round for Databricks, a data and AI company whose rapid growth continues to accelerate.
Fuelling The Next Generation Of AI
The recent investments align with MGX’s core mission to support the growth of future AI leaders. Ahmed Yahia, CEO and Managing Director of MGX, stated, “MGX is committed to enabling the growth and scaling of the next generation of global AI leaders. Working with leading technology and capital partners, we are building AI infrastructure and advancing innovation at the application layer, with the goal of boosting productivity and fostering sustainable economic growth for all.” The board meeting was also attended by His Excellency Khaldoon Khalifa Al Mubarak, His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Peng Xiao, and Martin Edelman.
About MGX
Established in March 2024 by the Artificial Intelligence and Advanced Technology Council in Abu Dhabi, MGX is a technology investment company. It is focused on accelerating the development and adoption of artificial intelligence and advanced technologies through strategic partnerships in the UAE and globally. MGX invests across key sectors where AI can generate significant economic value and impact, including semiconductors, infrastructure, software, tech-enabled services, life sciences, automation, and robotics.
Source: Abu Dhabi Media Office
