Core42 Secures $550 Million Funding to Expand AI Infrastructure Across US and Europe

Core42 secured $550 million investment from HSBC to boost its AI infrastructure footprint in the United States and Europe. The UAE‑based firm will use the capital to build new data centers, add edge computing sites, and integrate renewable‑energy cooling systems.

HSBC will provide the capital through a multi‑year financing agreement that includes advisory services and performance milestones, marking one of the largest single‑source investments in AI infrastructure by a global bank in the region.

The expansion plans include building three hyperscale data facilities in Virginia, Texas, and Frankfurt, each with 100 MW power capacity, high‑performance GPU clusters for large language model training, and expected operational launch by the third quarter of 2027.

Industry analysts such as Gartner predict Core42’s added capacity could cut AI service latency by up to 30 percent, draw dozens of cloud‑native startups, and lift the company’s regional market share by roughly 12 percent against rivals like Amazon and Microsoft.