G42

About G42

Technology company

Recent News about G42

• Gulf AI buildout still hinges on Nvidia chips despite new deals

  SendTech Times, summarizing Rest of World reporting, says Saudi Arabia and the UAE are signing multi‑billion‑dollar AI hardware deals with AMD, Groq and Qualcomm but remain heavily dependent on Nvidia GPUs for their largest AI projects. The piece notes that flagship initiatives like Humain’s data center plans and G42’s Stargate project still rely on Nvidia hardware due to U.S. export rules, TSMC capacity and high‑bandwidth memory constraints.

  Source: SendTech Times2026-07-18T21:07:29.762Z

• Station F’s F/ai accelerator deepens ties with global AI giants in Paris

  On July 6, 2026, TechCrunch reported that Paris’s Station F is expanding its F/ai accelerator, adding partners like ElevenLabs, Nebius, Rippling, OpenRouter, HubSpot and GitHub. The second cohort, starting September 2026, follows a first batch of 20 AI startups that collectively raised $34 million in pre-seed funding, backed by major tech players including AMD, Anthropic, AWS, Google, Meta, Microsoft, Mistral AI, OpenAI, OVHcloud, Snowflake and Qualcomm.

  Source: TechCrunch2026-07-06T13:00:00.000Z

• MGX closes record $49B AI fund anchored by Mubadala and G42

  Abu Dhabi–based MGX announced on July 3, 2026 that it has closed its first AI fund at $49 billion, exceeding a $45 billion target, with capital from Mubadala, G42 and global institutional investors. The fund has already backed Anthropic, OpenAI, xAI, Binance, Together AI and a $40 billion Aligned Data Centres acquisition. ([easternherald.com](https://easternherald.com/2026/07/03/mgx-abu-dhabi-ai-fund-49-billion-mubadala/))

  Source: The Eastern Herald2026-07-03T21:06:17.839Z

• TNGlobal warns of ‘shadow AI’ as enterprises chase generative tools

  On June 29, 2026, TNGlobal published an opinion piece outlining how enterprises can detect and govern unsanctioned use of generative‑AI tools by employees. The article highlights survey data showing that a majority of workers bring their own AI apps into the workplace and details governance and monitoring strategies adopted by firms like Darktrace, Direct Federal Credit Union and G42. ([technode.global](https://technode.global/2026/06/29/how-to-detect-unsanctioned-ai-usage-in-an-organization/))

  Source: TNGlobal (TechNode Global)2026-06-29T00:00:00.000Z

• India and UAE sign G42–Cerebras AI supercomputer pact

  On June 1, 2026, Rest of World reported that UAE firm G42 will deploy 64 Cerebras AI supercomputers in India under a deal aimed at giving New Delhi sovereign AI compute. The systems will be run by a G42 unit with support from Cerebras, offering an alternative to renting AI capacity from Amazon, Microsoft and Google.

  Source: Rest of World2026-06-01T00:00:00.000Z

• Core42 and Solutions+ form UAE sovereign AI infrastructure partnership

  On May 6, 2026, Abu Dhabi-based Core42, a G42 company, and Solutions+, a Mubadala portfolio company, announced a strategic partnership to build sovereign cloud and AI infrastructure for UAE government entities and the wider Mubadala Group. The deal makes Core42 the foundational infrastructure provider while Solutions+ leads implementation and WEAVE AI deployments on top.

  Source: Abu Dhabi Media Office2026-05-06T08:00:00.000Z

• UAE doubles down on K2 Think and AI strategy to grow digital economy

  A January 2 Arabic-language article, drawing on UAE sources and KPMG analysis, highlights the country’s proactive AI strategy built around initiatives like the open-source K2 Think reasoning model from MBZUAI and G42. The piece notes that over half of UAE CEOs see AI integration as a top strategic priority, with 74% expecting returns on AI investments within one to three years.

  Source: Tawusal News2026-01-02T05:33:00.000Z

• Gulf states double down on AI mega-deals, from HUMAIN to Qatar’s Qai

  Semafor reported on December 31, 2025 that 2025’s AI deals in the Gulf—spanning Saudi Arabia’s HUMAIN, Abu Dhabi’s G42 and MGX, and Qatar’s new Qai venture—map out aggressive national AI strategies. Qatar’s Qai plans to invest $20 billion in AI infrastructure with Brookfield, while HUMAIN struck chip deals with Nvidia and Qualcomm and MGX partnered with BlackRock on data centers. ([semafor.com](https://www.semafor.com/article/12/31/2025/gulf-ai-deals-in-2025-reveal-ambitious-national-strategies))

  Source: Semafor2025-12-31T12:20:00.000Z

• Cerebras plans US IPO to fund next wave of AI chips

  AI chip maker Cerebras Systems is preparing to file for a U.S. IPO as soon as next week, targeting a second‑quarter 2026 listing after withdrawing an earlier attempt. The company, valued at about $8 billion after raising over $1 billion this year, develops wafer‑scale processors for large AI models and competes with Nvidia.([reuters.com](https://www.reuters.com/business/ai-chip-firm-cerebras-set-file-us-ipo-after-delay-sources-say-2025-12-19/))

  Source: Reuters2025-12-19T19:22:00.000Z