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UAE’s Core42 raises $550m to scale AI deployment in Europe and US

By CityCalc Newsroom · Thu May 21 2026 · Source: AGBI

Core42, a subsidiary of Emirati-owned G42 that specialises in sovereign cloud and artificial intelligence (AI) infrastructure, has raised $550 million to accelerate its expansion across the US and Europe. The funding has been secured through two structured trade finance faciliti…

Core42, a subsidiary of Emirati-owned G42 that specialises in sovereign cloud and artificial intelligence (AI) infrastructure, has raised $550 million to accelerate its expansion across the US and Europe. The funding has been secured through two structured trade finance faciliti…

Curated by CityCalc from AGBI. Read the full article at the source.

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