Tahnoon bin Zayed chairs MGX first board meeting of 2026

His Highness highlighted the growing evidence of significant revenue and productivity gains in AI-driven industries, welcoming MGX’s emergence as a leading global investor accelerating artificial intelligence innovation and adoption to support long-term economic growth.

Review of performance and strategic investments

During the meeting, the board reviewed MGX’s 2025 business performance and financial results, including the company’s annual financial statements, and noted strong fundraising momentum, with new commitments from top-tier international investors.

The board discussed MGX’s follow-on investment in Anthropic’s US$30 billion Series G round, which MGX co-led, reaffirming confidence in the company’s long-term growth trajectory. It also reviewed MGX’s participation in xAI’s US$20 billion Series E round and xAI’s subsequent merger with SpaceX.

Further discussions covered MGX’s role as co-lead in Databricks’ Series K round, its fourth follow-on investment in OpenAI, and its participation in the establishment of TikTok USDS Joint Venture LLC to enhance data protection and platform security for US users.

AI infrastructure and innovation platform

The board also reviewed progress on the AI Infrastructure Partnership (AIP), where MGX collaborates with global partners to accelerate the development of next-generation AI infrastructure. Additionally, members assessed advances in MaGiX, MGX’s in-house AI platform designed to enhance investment performance through advanced AI applications.

Ahmed Yahia Al Idrissi, Chief Executive Officer and Managing Director of MGX, affirmed that the company continues to invest with disciplined execution, reflecting strong conviction in AI-driven economic acceleration.

The meeting was attended by Khaldoon Khalifa Al Mubarak, Jassem Mohamed Bu Ataba Al Zaabi, Peng Xiao, Martin Edelman, and Ahmed Yahia Al Idrissi.