Core42 Secures $550M from HSBC for Global AI Expansion
Core42, an Abu Dhabi-based AI infrastructure operator, secured $550 million in structured trade finance from HSBC to accelerate its global AI cloud and compute deployments. This significant funding highlights the growing investment in regional AI infrastructure.
Core42, an AI infrastructure operator headquartered in Abu Dhabi and part of G42, has secured $550 million in structured trade finance facilities from HSBC. This funding will be used to accelerate the company's global expansion plans for its AI cloud and compute deployments.
The investment underscores the UAE's strategic focus on becoming a global hub for artificial intelligence and advanced technology. It also reflects the increasing financial backing for ventures scaling critical AI infrastructure worldwide.