Mentioned:
Saudi Arabia is a believer in the future of artificial intelligence. Which is exactly why they’re cutting a new deal with Nvidia to build out some of the world’s most powerful new data centres.
What’s happening:
- Nvidia (NASDAQ: NVDA) and HUMAIN have formed a new strategic partnership focused on building out new large scale data centre infrastructure for high performance computing and artificial intelligence workloads in Saudi Arabia
By the numbers:
- Nvidia and HUMAIN are aiming to build out 500 megawatts of total computing capacity over the next half of a decade
- The initial phase of construction will see Nvidia deploy 18,000 unit Nvidia Grace Blackwell AI supercomputer
Why it matters:
- HUMAIN is a subsidiary of Saudi Arabia’s Public Investment Fund which is one of the world’s largest sovereign wealth funds with hundreds of billions of dollars under management
Going deeper:
- Saudi Arabia has publicly stated that the new partnership will be specifically focused on accelerating the development of both new artificial intelligence technology as well as new breakthroughs in robotics
The intrigue:
- Nvidia has continued to ramp up their commitment to new data centres and computing facilities globally, including recently embarking on a new quantum computing research centre in the United States of America
