Abu Dhabi’s AI investment powerhouse, MGX, has solidified its position as a major global player with two significant investments in OpenAI and Isomorphic Labs. During its second board meeting of 2026, chaired by H.H. Sheikh Tahnoon bin Zayed Al Nahyan, the firm detailed its strategy of backing foundational AI models and expanding into new high-growth sectors like AI-enabled drug discovery.
Quick Facts
- Co-led OpenAI’s US$122 billion funding round.
- Invested in Isomorphic Labs’ US$2.1B Series B.
- Projects over 8GWs of AI infrastructure capacity by 2026.
Doubling Down on a Frontier AI Leader
MGX has reaffirmed its strong belief in the future of large-scale AI by participating as a co-lead in OpenAI’s latest US$122 billion funding round. This marks the Abu Dhabi firm’s fifth follow-on investment in the company behind ChatGPT, signaling a deep conviction in OpenAI’s growth and its central role in defining the next wave of artificial intelligence.
A New Frontier: AI-Powered Drug Discovery
The company is also diversifying its AI portfolio, making its first entry into the biomedical field by joining Isomorphic Labs’ US$2.1 billion Series B round. With origins in Alphabet and DeepMind, Isomorphic Labs aims to use AI to fundamentally change how new medicines are discovered. This investment highlights MGX’s strategy to back AI platforms that can deliver tangible progress in human health while creating significant long-term economic value.
Building the AI Backbone
Beyond investing in AI models and applications, MGX is heavily focused on the underlying infrastructure. The board reviewed the rapid growth of contracted capacity by its portfolio companies, which is now projected to surpass 8GWs by the end of 2026. This move positions MGX as a critical enabler of the global AI infrastructure needed to power advanced systems.
Ahmed Yahia Al Idrissi, CEO and Managing Director of MGX, commented on the firm’s direction.
“MGX continues to grow and invest with conviction across a widening spectrum of the AI economy, from leading frontier models and platforms to the infrastructure required to scale them globally.”
He added, “As AI advances across sectors, from scientific discovery to productivity and economic growth, we remain focused on adding long-term value to the global AI ecosystem by backing the platforms, partnerships, and innovation that can help enable a better future for all.”
About MGX
MGX is an Abu Dhabi-based technology investment company focused on accelerating the development and adoption of artificial intelligence and advanced technologies. Chaired by H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, the company invests across the entire AI ecosystem, from foundational models and infrastructure to applications across various sectors.
Source: Abu Dhabi Media Office
