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SciTech Latest: Nvidia to launch in the Middle East, says Ooredoo CEO

Jun 24, 2024 | News | 0 comments

Nvidia, Microsoft, and Apple are in a three-horse race to become the most valuable company in the world.
California, US: Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo’s CEO told Reuters. With this deal, Nvidia will launch on a larger scale for the first time in a region where Washington has restricted the export of advanced American chips in order to prevent Chinese companies from utilizing the Middle East as a backdoor to obtain the newest artificial intelligence technology. According to a statement from Ooredoo, this will make it the first business in the region to offer direct access to Nvidia’s artificial intelligence and graphics processing technologies to customers of its data centres in Qatar, Algeria, Tunisia, Oman, Kuwait, and the Maldives.

Nvidia Officials Spoke Out

Washington restricts the company’s most advanced semiconductor exports but permits the transfer of some Nvidia technology to the Middle East.
“Ooredoo will be able to assist its clients in deploying generative AI applications more effectively thanks to the technology,” said Ronnie Vasishta, Senior Vice President of Telecom at Nvidia.
The contract was signed on June 19 on the fringes of the TM Forum in Copenhagen, but the firms did not reveal its worth. Additionally, Ooredoo declined to comment on the specific Nvidia technology it planned to put in its data centers, citing availability and client demand as factors.
“Our b2b clients, thanks to this agreement, will have access to services that probably their competitors (won’t) for another 18 to 24 months,” Ooredoo’s CEO Aziz Aluthman Fakhroo told Reuters in an interview.

Worth of Nvidia Multinational Corporation

As stated by Fakhroo, Ooredoo intends to nearly triple its present 40-megawatt capacity by the end of the decade and is investing $1 billion to increase it by an additional 20 to 25 megawatts.
After making a similar move last year to establish the largest tower firm in the Middle East through an agreement with Zain of Kuwait and TASC Towers Holding of Dubai, the corporation has now divided its data centers into a distinct entity. Moreover, Fakhroo said Ooredoo has strategies to separate its undersea cables and fiber network.

Recent Update

Moving ahead, let us inform you that recently, Nvidia became the world’s most valuable company, leaving Microsoft, Apple, and Google behind. However, this didn’t last long; Nvidia lost the title, and its stock declined 2%.
To catch up with all the national and international industry updates, follow our social handles @BIZBoost and stay tuned to BIZBoost news.

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Written by Riteshu Sen Jaiswar

Chief Of Media at BIZBoost || Public Speaker || Web 3 Junkie || Passionate Writer || Gyaan Seeker

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