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Microsoft and G42 to Add 200 MW of Data Center Capacity in $15 Billion UAE Investment Push

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Microsoft and Abu Dhabi’s G42 announced plans on Wednesday to expand data center capacity in the United Arab Emirates by 200 megawatts, marking a major milestone in the U.S. tech giant’s $15 billion investment drive across the Gulf region.

The new capacity will be delivered through Khazna Data Centers, a G42 subsidiary, and is expected to begin operations before the end of next year, the companies said in a joint statement. The project forms part of a sweeping effort to transform the UAE into a global hub for artificial intelligence and cloud computing.

Microsoft said its total investment in the UAE will reach $7.3 billion between 2023 and the end of 2025, with another $7.9 billion planned for 2026 through 2029. The expansion underscores the deepening ties between the company and G42, following Microsoft’s $1.5 billion investment last year for a minority stake in the Abu Dhabi-based AI and cloud firm.

G42, backed by Mubadala, Silver Lake, and billionaire Ray Dalio’s family office, has emerged as one of the Middle East’s leading AI players. The UAE government has been channeling billions into the sector to boost economic diversification and technological self-reliance.

The companies also confirmed that the Trump administration has approved exports of Nvidia’s advanced chips for data centers in the Gulf country — a key step in enabling large-scale AI model training and cloud services.

“The expansion strengthens Microsoft Azure’s secure, scalable, and sovereign cloud infrastructure in the UAE,” the firms said.

Coinbase invests in India’s CoinDCX at $2.45 billion valuation

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Coinbase Global announced on Wednesday that it has made a new investment in CoinDCX, valuing the Indian cryptocurrency exchange at $2.45 billion post-money. The move strengthens Coinbase’s presence in the South Asian crypto market, where India remains a growing hub for blockchain and digital assets.

The investment marks another step in Coinbase’s long-term partnership with CoinDCX, following multiple funding rounds led by its venture arm, Coinbase Ventures. In April 2022, Coinbase Ventures joined a $135 million fundraising round that valued CoinDCX at $2.15 billion.

As of July 2025, CoinDCX reported annualized group revenue of $141 million and $1.2 billion in assets under custody, signaling strong growth despite ongoing regulatory uncertainty in India’s crypto sector.

“We believe India and its neighbors will help shape the future of the global on-chain economy,” said Shan Aggarwal, Coinbase’s chief business officer. He added that the deal remains subject to regulatory approvals and closing conditions.

Coinbase’s latest investment underscores a renewed wave of interest from global exchanges seeking exposure to India’s growing crypto and blockchain ecosystem, even as the country tightens oversight and explores the framework for a digital rupee.

OpenAI’s Valuation Soars to $500 Billion After Major Share Sale Involving SoftBank

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OpenAI, the creator of ChatGPT, has achieved a staggering $500 billion valuation after employees and former staff sold $6.6 billion worth of shares to major global investors, according to a source cited by Reuters. This marks a sharp rise from its previous valuation of $300 billion, signaling the company’s explosive growth in both user base and revenue.

The deal involved sales to a powerful consortium of investors, including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price. The company reportedly authorized the sale of more than $10 billion in stock on the secondary market, giving early employees and stakeholders the chance to cash out part of their holdings while maintaining OpenAI’s momentum in private financing rounds.

SoftBank, already a participant in OpenAI’s $40 billion primary funding round, has further strengthened its position with this deal. None of the involved firms immediately commented on the transaction.

Financially, OpenAI continues to outperform expectations. The company brought in around $4.3 billion in revenue during the first half of 2025, which is roughly 16% higher than its total revenue for the entirety of 2024, according to The Information.

The timing of this sale coincides with intensifying competition among global tech giants for AI talent and infrastructure dominance. Meta, for instance, is heavily investing in AI companies like Scale AI, and recently hired its 28-year-old CEO, Alexandr Wang, to spearhead its new superintelligence division—a move highlighting the escalating arms race in artificial intelligence innovation and expertise.

As OpenAI’s valuation hits half a trillion dollars, the company stands at the center of this rapidly transforming landscape—its technology, partnerships, and pace of growth redefining the frontier of modern computing.