Abu Dhabi says $100bn of AI capital sits in its financial centre. Its own announcement cannot decide whether that money is held there or spent.

Abu Dhabi Global Market announced that more than $100 billion of AI-focused capital is linked to its financial centre, with assets under management up 54% year-on-year and a workforce near 50,000. Roughly half of the capital comes from the state-backed MGX fund, which closed its first fund at $49 billion in July, and the figure also includes an AI reinsurance memorandum with Swiss Re and investments by Bluefive Capital.