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G42/Core42 (UAE) raises $49 billion for AI infrastructure fund, topping its target.

Middle East mega-fund closing validates geopolitical diversification of AI capex; $49B capital signals Gulf sovereign wealth moving aggressively into compute infrastructure.
Trade pressSlicast · July 2, 2026 · Middle East · Source: Google News
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G42/Core42 (UAE) raises $49 billion for AI infrastructure fund, topping its target.

Middle East mega-fund closing validates geopolitical diversification of AI capex; $49B capital signals Gulf sovereign wealth moving aggressively into compute infrastructure.

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G42/Core42 (UAE) raises $49 billion for AI… · Slicast