G42 (Core42)
Abu Dhabi AI group whose infrastructure arm (Core42/Khazna) is building the 1 GW Stargate UAE cluster operated by OpenAI and Oracle.
www.g42.ai · Record collected 25 Sept 2026
Profile from NeoCloud Observatory research (snapshot 2026-09-25); every figure links to its original source.
Profile
- Headquarters
- Abu Dhabi, United Arab Emirates
- Founded
- Not yet recorded
- Ownership
- private
- Operating regions
- Middle East
- Deployment model
- sovereign ai cloud, infrastructure development
- GPU vendors
- Not yet recorded
- GPU generations
- Not yet recorded
- Networking
- Not yet recorded
- Storage
- Not yet recorded
- Cooling
- Not yet recorded
- Energy strategy
- Not yet recorded
- Platform / control plane
- Not yet recorded
- Business model
- Core42.
- Differentiation
- Not yet recorded
Capacity register
Each sourced figure with its maturity and MW type. Figures of different types are not added together.
No sourced capacity figures recorded.
Projects
| Project | Location | Status | Capacity |
|---|---|---|---|
| Stargate UAE (1 GW cluster, UAE-US AI Campus) Civil/structural/mechanical work ahead of schedule; first 200 MW targeted for 2026. Participants: OpenAI (operator), Oracle (operator), NVIDIA (partner), Cisco (partner), SoftBank (partner). Source: NeoCloud Observatory research. Sources: G42 — Global Tech Alliance Launches Stargate UAE, PR Newswire (G42) — G42 Provides Update on Construction of Stargate UAE | Abu Dhabi, Abu Dhabi, United Arab Emirates | under construction | 200 MW (unspecified, under construction) |
Disclosed customer contracts
No disclosed customer contracts recorded.
Neocloud Observatory
Evidence-scored analysis
Category G · Adjacent Provider · data quality 63.3/100 · snapshot 25 Sept 2026
Capacity by maturity (MW)
Each stage is reported separately and never added together. Announced GPUs never count as operational.
- Operational Unknown
- Under construction 200 MW
- Contracted Unknown
- Secured Unknown
- Announced 1,000 MW
- Stated pipeline Unknown
- Company target Unknown
- GPUs operational
- Unknown
- GPUs contracted
- Unknown
- GPUs announced
- 100,000
GPU platforms: GB300
Financial position
- Annualised revenue
- Unknown
- Revenue growth (YoY)
- Unknown
- Backlog
- Unknown
- Disclosed contract value
- Unknown
- Valuation
- Unknown
- Equity raised (captured)
- Unknown
- Debt raised (captured)
- Unknown
- Total debt (reported)
- Unknown
- Hyperscaler credit supportnot cash raised
- Unknown
Scorecard
score-v1.0 · 0–100 · scores with under 34% evidence coverage stay empty
Business Model Quality 45 evidence coverage 60%
- contracted revenue model: 45 (weight 0.4) — spot/on-demand oriented
- model diversity: 44 (weight 0.2) — sovereign_ai_cloud, infrastructure_development
- margin: unknown (weight 0.25) — no margin data
- software upside: unknown (weight 0.15) — 0 software layers
Capital Access Insufficient evidence evidence coverage 0%
- total capital raised: unknown (weight 0.3) — UNKNOWN equity+debt captured
- raised last 12m: unknown (weight 0.25) — UNKNOWN in 12m
- valuation: unknown (weight 0.2) — no valuation UNKNOWN
- strategic backers: unknown (weight 0.15) — 0 investors known
- cost of debt: unknown (weight 0.1) — no rate disclosed
Competitive Moat Insufficient evidence evidence coverage 0%
- physical control: unknown (weight 0.3) — power/land/DC control
- software depth: unknown (weight 0.25) — 0 software layers
- contracted lock in: unknown (weight 0.25) — backlog/contract value UNKNOWN
- operational reputation: unknown (weight 0.2) — not rated
Concentration Risk (higher = riskier) Insufficient evidence evidence coverage 0%
- top customer share: unknown (weight 0.8) — UNKNOWN
- few customers: unknown (weight 0.2) — 0 disclosed customers
Customer Diversification Insufficient evidence evidence coverage 0%
- top customer share: unknown (weight 0.6) — concentration UNKNOWN
- distinct customers: unknown (weight 0.4) — 0 disclosed customer relationships
Customer Quality Insufficient evidence evidence coverage 0%
- hyperscaler or lab: unknown (weight 0.5) — 0 disclosed customers
- contracted value: unknown (weight 0.5) — disclosed contract value UNKNOWN
Execution Risk (higher = riskier) 94 evidence coverage 70%
- build to operating ratio: 100 (weight 0.45) — 200 MW to build vs 0 MW operating
- soft pipeline share: 83 (weight 0.25) — 1,000 MW secured/announced/speculative
- organisational youth: unknown (weight 0.3) — founded UNKNOWN
Financial Durability Insufficient evidence evidence coverage 10%
- revenue scale: unknown (weight 0.3) — annualised revenue UNKNOWN (n/a)
- net margin: unknown (weight 0.2) — no margin data
- cash: unknown (weight 0.2) — cash UNKNOWN
- backlog coverage: unknown (weight 0.2) — no backlog/revenue
- public disclosure: 40 (weight 0.1) — private
Financial Risk (higher = riskier) Insufficient evidence evidence coverage 0%
- losses: unknown (weight 0.3) — no margin data
- debt to revenue: unknown (weight 0.3) — no debt/revenue data
- reliance on new capital: unknown (weight 0.25) — n/a
- revenue scale inverse: unknown (weight 0.15) — revenue UNKNOWN
Geographic Position 45 evidence coverage 100%
- countries: 18 (weight 0.6) — United Arab Emirates
- sovereign positioning: 85 (weight 0.4) — sovereign AI positioning
GPU Supply Position 70 evidence coverage 60%
- gpu fleet and contracted: unknown (weight 0.4) — 0 GPUs operational+contracted
- vendor relationship: 50 (weight 0.3) — no strategic vendor tie evidenced
- latest generation: 90 (weight 0.3) — GB300
Growth Momentum 23 evidence coverage 45%
- revenue growth yoy: unknown (weight 0.4) — no growth data
- capacity momentum: 42 (weight 0.25) — 200 MW contracted/under construction
- recent major events: 0 (weight 0.2) — 0 major confirmed events in 180d
- capital raised 12m: unknown (weight 0.15) — raised UNKNOWN in 12m
Infrastructure Execution 20 evidence coverage 60%
- delivered projects: 0 (weight 0.4) — 0/1 tracked projects (partially) operational
- operational share of hard mw: unknown (weight 0.4) — 0 of 200 hard MW operational
- building now: 60 (weight 0.2) — 1 under construction
Management Execution 20 evidence coverage 50%
- delivered capacity: unknown (weight 0.5) — 0 MW delivered to date
- milestones 180d: 0 (weight 0.3) — 0 confirmed major milestones (180d)
- disclosure discipline: 50 (weight 0.2) — private
Operational Capacity Insufficient evidence evidence coverage 0%
- operational mw: unknown (weight 0.65) — operational MW UNKNOWN
- operational gpus: unknown (weight 0.35) — operational GPUs UNKNOWN
Power Pipeline Quality 44 evidence coverage 80%
- weighted pipeline mw: 60 (weight 0.5) — ladder-weighted 460 MW
- hard share: 17 (weight 0.3) — 17% of stated MW is operational/under construction/contracted
- physical power control: unknown (weight 0.2) — physical-layer control 0/100
Software Platform Maturity Insufficient evidence evidence coverage 0%
- software layers: unknown (weight 0.5) — none evidenced
- software control: unknown (weight 0.25) — software-layer control 0/100
- independent rating: unknown (weight 0.25) — not rated
Strategic Partnerships Insufficient evidence evidence coverage 0%
- vendor equity: unknown (weight 0.4) — no vendor equity evidenced
- hyperscaler ties: unknown (weight 0.4) — none evidenced
- exemplar or rating: unknown (weight 0.2) — n/a
Technical Differentiation Insufficient evidence evidence coverage 0%
- differentiators: unknown (weight 0.7) — no clear differentiator evidenced
- independent rating: unknown (weight 0.3) — not rated
Technical Strength Insufficient evidence evidence coverage 0%
- independent rating: unknown (weight 0.45) — not rated
- exemplar cloud: unknown (weight 0.15) — n/a
- fabric evidence: unknown (weight 0.15) — fabric UNKNOWN
- stack documentation: unknown (weight 0.25) — 0 technology layers evidenced
Vertical Integration Insufficient evidence evidence coverage 0%
- stack control: unknown (weight 1) — 0 of 12 layers evidenced; 12 UNKNOWN
Career Opportunity 33 evidence coverage 36%
- growth momentum: 23 (weight 0.2) — Growth Momentum
- capital access: unknown (weight 0.15) — Capital Access
- technical strength: unknown (weight 0.12) — Technical Strength
- software platform maturity: unknown (weight 0.12) — Software Platform Maturity
- power pipeline quality: 44 (weight 0.1) — Power Pipeline Quality
- geographic position: 45 (weight 0.06) — Geographic Position
- strategic partnerships: unknown (weight 0.08) — Strategic Partnerships
- hiring: unknown (weight 0.07) — open roles (public boards)
- inv financial risk: unknown (weight 0.1) — 100 - financial risk
Data Quality 63 evidence coverage 24%
- dq coverage: unknown (weight 0) — 0.235
- dq avg confidence: unknown (weight 0) — 0.755
- dq primary source pct: unknown (weight 0) — 1.0
- dq freshness days: unknown (weight 0) — 0
- dq conflicts: unknown (weight 0) — 0
- dq missing count: unknown (weight 0) — 13
Worth Investigating? (not investment advice) 29 evidence coverage 38%
- growth momentum: 23 (weight 0.18) — Growth Momentum
- technical differentiation: unknown (weight 0.12) — Technical Differentiation
- customer quality: unknown (weight 0.12) — Customer Quality
- power pipeline quality: 44 (weight 0.12) — Power Pipeline Quality
- capital access: unknown (weight 0.12) — Capital Access
- strategic partnerships: unknown (weight 0.1) — Strategic Partnerships
- technical strength: unknown (weight 0.08) — Technical Strength
- infrastructure execution: 20 (weight 0.08) — Infrastructure Execution
- operational capacity: unknown (weight 0.08) — Operational Capacity
- novelty bonus: 0 (weight 0.3) — company ≤3 years old
Overall Scale Potential Insufficient evidence evidence coverage 30%
- power pipeline quality: 44 (weight 0.3)
- capital access: unknown (weight 0.25)
- customer quality: unknown (weight 0.2)
- operational capacity: unknown (weight 0.15)
- vertical integration: unknown (weight 0.1)
Overall Survival Probability (5y, %) 59 evidence coverage 3%
- model: unknown (weight 1) — logistic(durability, capital access, customer quality, risks)
Forecasts (rule-based, P10–P90)
| Horizon | Operational MW | Annualised revenue |
|---|---|---|
| 12 months | 190 MW (90 MW–330 MW) | Unknown |
| 24 months | 380 MW (200 MW–600 MW) | Unknown |
| 36 months | 540 MW (270 MW–800 MW) | Unknown |
| 60 months | 644 MW (330 MW–950 MW) | Unknown |
Stored in an immutable prediction ledger and scored against reported outcomes when they fall due. Predictions, not facts.
Outcome probabilities
| Outcome | 12 mo | 24 mo | 36 mo | 60 mo |
|---|---|---|---|---|
| Remain independent | 75% | 53% | 33% | 0% |
| Acquired | 11% | 21% | 30% | 44% |
| Merge | 3% | 6% | 9% | 14% |
| Fail | 11% | 20% | 29% | 42% |
| IPO | 4% | 8% | 12% | 18% |
| Acquire another company | 4% | 8% | 12% | 18% |
| Financial distress | 8% | 15% | 22% | 34% |
| Major cloud scale (≥2 GW operational or ≥$10B revenue) | 0% | 0% | 0% | 0% |
| Remain niche | 89% | 80% | 71% | 58% |
| Strategic pivot | 10% | 15% | 20% | 30% |
| Exit AI infrastructure | 1% | 2% | 3% | 5% |
Ownership outcomes (independent, acquired, merge, fail) sum to 100% at each horizon; the others are independent events.
Vertical-integration stack
- energy UNKNOWN No evidence captured (unknown)
- land UNKNOWN No evidence captured (unknown)
- data center UNKNOWN No evidence captured (unknown)
- power cooling UNKNOWN No evidence captured (unknown)
- gpu hardware UNKNOWN No evidence captured (unknown)
- network UNKNOWN No evidence captured (unknown)
- storage UNKNOWN No evidence captured (unknown)
- bare metal UNKNOWN No evidence captured (unknown)
- orchestration UNKNOWN No evidence captured (unknown)
- cloud api UNKNOWN No evidence captured (unknown)
- ai platform UNKNOWN No evidence captured (unknown)
- managed ai UNKNOWN No evidence captured (unknown)
Not yet sourced: revenue, revenue run rate, valuation, power mw.operational, cash, total funding, backlog, employees, profile.ceo, profile.founded year, customers, tech stack, stack control.
Timeline
-
22 May 2025 · project
Stargate UAE (1 GW cluster, UAE-US AI Campus) (under construction)
Sources: G42 — Global Tech Alliance Launches Stargate UAE, PR Newswire (G42) — G42 Provides Update on Construction of Stargate UAE -
22 May 2025 · announcement
Stargate UAE launched: 1 GW cluster built by G42, operated by OpenAI and Oracle
Source: G42 — Global Tech Alliance Launches Stargate UAE
Recent coverage
Updated 1 Nov 2026, 11:54 UTC
- 23 Oct 2026 Data Centre
G42 signs strategic agreements to explore AI infrastructure and applications in Greece
G42, an Abu Dhabi-based technology holding group, and some of its portfolio companies, have signed memoranda of understanding (MoUs) agreements with the Greek government and private-sector partners covering AI infrastructure, government services, and smart cities. In a press release, G42 said that the agreements…
W.Media