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AI, NEOM and Saudi Arabia

Saudi Arabia's Neom 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.

Gizmodo · 11h

Neom, Saudi Arabia’s Dystopian Desert City Project, Announces $5 Billion AI Data Center

The urban development project has often seemed pie-in-the-sky. A new "energy efficient" data center project promises more of the same.

Bloomberg L.P. · 1d

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.

Reuters on MSN · 1d

Saudi Neom, DataVolt sign agreement for $5 billion AI project

Saudi Arabia's NEOM, a Red Sea urban and industrial development, has signed a deal with DataVolt to develop a 1.5 gigawatt (GW) net zero artificial intelligence project in its Oxagon industrial zone,

Intel Loses AI Chief to Nokia. Chip Stock Is Rising.

Digi Times · 1d

Nokia names Intel AI chief as new CEO in strategic shift

In an unexpected development, Nokia revealed a CEO transition plan for March 2025, which analysts interpret as a strategic pivot from networking equipment toward data centers and artificial intelligence.

Barron's on MSN · 1d

Intel Loses AI Chief to Nokia. The Chip Stock Is Rising.

The head of Intel’s artificial-intelligence operations is leaving to take the top job at Nokia, just months after former Intel CEO Pat Gelsinger abruptly retired from the company. Justin Hotard, the executive vice president and general manager of Intel’s Data Center and AI (DCAI) Group,

The Motley Fool on MSN · 27m

Buying This Artificial Intelligence (AI) Chip Stock Is a No-Brainer After This Development

Advanced Micro Devices ( AMD 0.56%) stock fell following the release of the company's fourth-quarter 2024 results on Feb. 4, and a closer look at the company's quarterly performance and outlook indicates that investors may have overreacted.

RCR Wireless News10h

‘Every data center is becoming an AI data center’: The state of data centers in 2025

A new report on the state of the data center industry describes navigating "unprecedented innovation [and] explosive data ...

5don 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.

Power Engineering7h

AI’s power play: Meeting the growing energy demands of data centers

AI and data centers are reshaping the energy landscape and market participants are scrambling to meet skyrocketing power ...

5don 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 ...

2don MSN

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 ...

Wisconsin could be part of $500 billion Stargate AI project. Data center sites explored.

ChatGPT creator OpenAI, Softbank and Oracle, along with other equity backers of Stargate, have committed $100 billion for ...

Network World17h

Cisco data center switches feature baked-in security for AI, networking duties

The new N9300 Smart Switch series combines Cisco Silicon One chips and AMD Pensando DPUs and fuses security directly into the ...

22h

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.

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