Core42 Expands Global Artificial Intelligence Infrastructure

UAE-based artificial intelligence company Core42 has secured $550 million in financing from HSBC to support the expansion of its AI infrastructure operations across the United States and Europe. The transaction highlights rising institutional confidence in artificial intelligence infrastructure as global demand for computing power, cloud services and sovereign AI capabilities accelerates.

The financing package consists of two non-dilutive trade finance facilities worth $240 million and $310 million respectively. Unlike traditional equity fundraising, the structure allows Core42 to scale operations without reducing shareholder ownership. Analysts said the arrangement reflects growing maturity within the AI infrastructure sector, where long-term enterprise demand is increasingly attracting bank-led financing models traditionally associated with industrial and energy projects.

Core42 is part of Abu Dhabi technology group G42 and focuses on sovereign cloud systems, advanced computing infrastructure and enterprise artificial intelligence services. The company has been expanding internationally as governments and corporations seek secure AI environments capable of meeting local regulatory and data governance requirements. Its expansion strategy includes operations in major European markets and broader infrastructure deployment across the United States.

The funding also signals a wider shift in global investment trends surrounding artificial intelligence. Financial institutions are increasingly viewing AI compute infrastructure as a strategic long-term asset class, comparable to telecommunications networks and critical digital infrastructure. As artificial intelligence adoption expands across industries, demand for data centres, specialised processors and cloud computing capacity is expected to increase significantly over the coming years.

For the UAE, the deal reinforces broader ambitions to position the country as a leading international hub for artificial intelligence investment and advanced technology infrastructure. Abu Dhabi has invested heavily in digital transformation, sovereign technology capabilities and cross-border technology partnerships as part of its economic diversification strategy.

Industry analysts believe Core42’s latest financing demonstrates how Middle Eastern technology firms are becoming more influential participants in the global artificial intelligence ecosystem, particularly as demand for regional computing infrastructure and sovereign AI solutions continues to strengthen.