Tahnoun bin Zayed chairs the second meeting of the company’s Board of Directors "MGX" For the year 2026
ABU DHABI, 25 MAY / 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 second meeting of the company’s Board of Directors for the year 2026.
The Board discussed new investments and the performance of the company’s growing investment portfolio, which continues to expand across the various layers of the artificial intelligence technology ecosystem.
During the meeting, the Board of Directors reviewed the strong financial performance of MGX and its investment portfolio, including its role as a co-leader in OpenAI’s latest financing round worth $122 billion.
This investment represents MGX’s fifth additional participation in OpenAI, reflecting its firm confidence in the company’s growth prospects and its long-term role in shaping the future of artificial intelligence.
The Board also discussed MGX’s participation in Isomorphic Labs’ $2.1 billion Series B financing round, which represents the company’s first investment in a promising new field of AI-powered drug discovery.
Isomorphic Labs builds on a scientific legacy derived from Alphabet and DeepMind technologies, and seeks to radically advance drug discovery by harnessing the power of artificial intelligence, paving the way for a new era of breakthroughs in biomedical sciences.
These investments confirm MGX’s strategy to support the most prominent artificial intelligence platforms that have a tangible impact on enhancing human health and productivity, in addition to generating long-term economic value.
In terms of artificial intelligence infrastructure, the Council reviewed the rapid growth in contracted infrastructure capabilities within the MGX portfolio companies, which is expected to exceed 8 gigawatts by the end of 2026, which strengthens the company’s position as a major contributor to supporting the global expansion of artificial intelligence infrastructure.
Ahmed Yahya Al-Idrissi, Managing Director and CEO of MGX, said that MGX continues its growth and investments with a clear vision across a wide range of the artificial intelligence system, from leading models and platforms to the infrastructure necessary to expand its scope globally.
He added that with the advancement of artificial intelligence in various sectors, from scientific discoveries to productivity and economic growth, the company continues its focus on enhancing sustainable value at the global sector level by supporting platforms, partnerships and innovations that contribute to enabling a better future for all.
The meeting 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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