Tahnoun bin Zayed chairs the first meeting of the company’s board of directors "MGX" For the year 2026
Abu Dhabi, February 27 / WAM / His Highness Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of the Emirate of Abu Dhabi and Chairman of the Board of Directors of MGX, chaired the first meeting of the company’s Board of Directors for the year 2026.
His Highness welcomed the growth of MGX’s role as a leading global investor focused on accelerating artificial intelligence innovations and its adoption to support a more developed and prosperous future, in light of growing evidence of significant gains in revenues and productivity in sectors most exposed to artificial intelligence.
During the meeting, the Board of Directors reviewed MGX’s business performance and financial results for the year 2025, including the company’s annual financial statements, and the Board welcomed the company’s strong momentum in raising financing, including new commitments from first-class international investors.
The Board discussed MGX’s recent additional investment in Antropic’s $30 billion Series G financing round, which MGX co-led based on its long-standing belief in the company’s exceptional trajectory.
The Board discussed MGX’s additional participation in XAI’s $20 billion Series E financing round and its merger with SpaceX, which combines XAI’s advanced technologies and infrastructure capabilities with SpaceX’s highly profitable, leading space transportation and satellite communications businesses.
The Board reviewed MGX’s role as a co-leader in Databricks’ Series K financing round, and its participation in the latest secondary employee stock deal with OpenAI, which is its fourth additional investment in the company, which once again reflects MGX’s firm confidence in OpenAI’s prospects as one of the current and future leading companies in the field of artificial intelligence.
The Board reviewed MGX’s participation in establishing TikTok USDS Joint Venture LLC, a joint venture company majority owned by American shareholders, which provides comprehensive data protection, algorithmic security, content moderation, and software assurance to more than 200 million users in the United States of America within the global TikTok community.
Together, these deals underscore MGX’s continued success in deploying capital into desirable, value-enhancing opportunities across the various layers of the AI ecosystem, and in enabling platforms and technologies of global scale.
The Council also discussed the progress of the AI Infrastructure Partnership, where MGX, BlackRock Global Infrastructure Partners and their partners are playing a leading role in mobilizing long-term capital and bringing together global technology leaders to accelerate the creation of the next generation of AI infrastructure.
As part of the ongoing regulatory review, the Board of Directors also evaluated the progress of MAGIX, the internal platform through which MGX develops super agents and other AI applications that streamline internal workflows and enhance operational efficiency, reinforcing MGX’s commitment to integrating AI into the core of its operating model.
Ahmed Yahya Al-Idrissi, Managing Director and CEO of MGX, said: MGX continues its investments with a clear vision and precision in implementation, and our support for leading global companies in the field of artificial intelligence and the accelerating pace of capital deployment reflects the depth of our conviction in the role of artificial intelligence in accelerating global economic growth.
The first meeting of the company’s Board of Directors for the year 2026 was attended by His Excellency Khaldoon Khalifa Al Mubarak, His Excellency Jassim Mohammed Buataba Al Zaabi, Ping Xiao, Martin Edelman, and Ahmed Yahya Al Idrissi.
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