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AI, NEOM and DataVolt

Saudi Arabia's Neom has signed a $5 billion deal to build a huge AI data center

The 1.5-gigawatt factory is expected to be in use by 2028. It comes as Saudi Arabia and the UAE compete to spearhead AI efforts in the Middle East.

Bloomberg L.P. · 8h

Saudi Arabia’s Neom Signs $5 Billion Deal for AI Data Center

Saudi Arabia’s Neom, the megacity being developed on the Red Sea coast, secured a $5 billion investment from a local firm to establish an AI data center.

U.S. News & World Report · 23h

Saudi Neom, Datavolt Sign Agreement to Launch $5 Billion AI Project

Saudi's NEOM, a Red Sea urban and industrial development, signed on Monday an agreement with DataVolt to develop a 1.5 GW net zero artificial intelligence project in the Saudi development's Oxagon industrial zone,

Arabian Post on MSN · 7h

NEOM and DataVolt Forge Partnership to Propel Saudi Arabia’s Data-Driven Future

NEOM and DataVolt have entered into a landmark agreement, marking a significant step toward realizing Saudi Arabia’s vision for a sustainable, data-driven economy. This collaboration aims to establish advanced data centers within NEOM,

Nokia names Intel AI chief as new CEO

Hosted on MSN · 1d

Nokia Names Intel’s Data Center and AI Head Justin Hotard as New CEO

Nokia appointed Justin Hotard, a tech industry expert in data centers and AI, as its next CEO, in a move that reinforces the company’s ambition to expand into new growth areas.

Fox Business · 44m

Nokia picks Intel's AI and data center leader Justin Hotard as new CEO

Justin Hotard will replaced Pekka Lundmark as CEO of Finnish telecoms company Nokia on April 1. Hotard is currently the EVP and general manager of Data Center & AI Group at Intel.

The Business Journals · 22h

Intel AI leader named CEO of Nokia

Intel 's head of AI is leaving the company after one year to become CEO of Nokia. Nokia (NYSE: NOK) said Monday that Justin Hotard will succeed Pekka Lundmark as the Finnish company's new CEO. Intel hired Hotard as executive vice president and general manager of its data center and artificial intelligence group in January 2024.

13h

The Trillion-Dollar A.I. Data Center Tsunami —Coming To A Field Near You

This grandest of Meta’s 20 worldwide data centers, this project is called Sucre, and will feature a 4 million square ...

Datacenter Dynamics30m

G42 and DataOne to establish AI data center in France

G42 is working with DataOne to establish an AI data center - powered by AMD hardware - in France. Core42, a subsidiary of the ...

4don MSN

OpenAI looks across US for sites to build its Trump-backed Stargate AI data centers

OpenAI is scouring the U.S. for sites to build a network of huge data centers to power its artificial intelligence technology ...

Mistral CEO Plans to Raise More Funds to Back AI Data Center

Arthur Mensch said his artificial intelligence startup Mistral is considering tapping additional outside financing to ...

Digihost to Develop High-Performance Computing and AI-Tier Data Centers Through Wholly-Owned Subsidiary, US Data Centers, Inc.

Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq / TSXV: DGHI), is proud to announce the formation of US Data Centers, Inc. (“US Data Centers”), a wholly-owned subsidiary of the Company ...

4don MSN

Ultra-efficient AI won’t solve data centers’ climate problem. This might.

Despite DeepSeek’s AI efficiency gains, data centers are still expected to gobble up huge amounts of U.S. electricity.

3don MSN

AMD's AI Data Center Revenue Soars but Shares Sink. Is It Time to Buy the Stock on the Dip?

Advanced Micro Devices ( AMD -2.36%) shares fell following its Q4 earnings report as its data center revenue soared but still ...

3don MSN

UAE to invest billions to build AI data center in France

A few days ahead of the Artificial Intelligence Action Summit in Paris, the French presidency has announced the first of ...

These 11 startups are making AI more energy and cost-efficient, according to top VCs

From data center cooling to novel chip design, VCs are pouring cash into startups making AI more cost-efficient and ...

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