This was the week that Abu Dhabi investment company MGX completed one of the world’s largest-ever artificial intelligence investment funds, closing a raise approaching $50 billion with backing from sovereign wealth funds and major institutional investors.

In other news, the UAE Ministry of Education unveiled Project NOVA to transform education with AI, Saudi Arabia and the UAE emerged as global leaders in agentic AI deployment, AD Ports launched a new AI command centre, and Khalifa University announced breakthroughs in both cancer diagnostics and telecom AI.

Here are this week’s biggest AI news stories!