Latest news with #AIInfrastructurePartnership
Dubai Eye
5 days ago
- Business
- Dubai Eye
Kuwait Investment Authority joins AI Infrastructure Partnership
MGX, BlackRock, Global Infrastructure Partners (GIP)- a part of BlackRock- and Microsoft have welcomed the Kuwait Investment Authority (KIA) to the AI Infrastructure Partnership (AIP), further reinforcing AIP's global reach and strategic impact as it accelerates investment in next-generation AI infrastructure. KIA is the first non-founder financial anchor investor to join AIP. With decades of deep investment experience, KIA is "well positioned to support AIP's growth and help execute its global strategy." Established in September 2024 by BlackRock, Global Infrastructure Partners (GIP), MGX, and Microsoft, AIP was created to help mobilise $30 billion in equity capital from investors, asset owners, and corporations, with the potential to reach up to $100 billion when including debt financing. Over the past year, it has become one of the world's leading AI infrastructure platforms with the addition of technology partners NVIDIA, xAI, and Cisco, along with agreements with GE Vernova and NextEra Energy to help accelerate the scaling of energy solutions for AI data centres. Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of KIA, said: 'KIA's participation in AIP reflects our long-term commitment to investing in transformative global infrastructure that drives innovation and economic progress. We view AI infrastructure as an instrumental driver of future growth, and we are proud to collaborate with leading global partners to accelerate its development at scale.' The partnership announcement coincided with His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court's official visit to Kuwait. It is one of many agreements signed between Emirati and Kuwaiti entities in sectors ranging from technology, diplomacy, justice, defence, education, and social affairs.
Al Etihad
24-05-2025
- Business
- Al Etihad
Cisco deepens UAE involvement through Stargate project
24 May 2025 13:03 A. SREENIVASA REDDY (ABU DHABI) Cisco, a global leader in networking and cybersecurity technologies for over four decades, has further solidified its role in the UAE's AI transformation with its participation in the newly launched Stargate UAE consortium—one of the flagship initiatives at the forthcoming UAE-US AI Campus in Abu Stargate project, announced last week during a high-profile ceremony attended by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, marks the beginning of large-scale AI infrastructure development at the campus. Cisco has joined the Stargate consortium as a preferred technology partner, following the signing of a Memorandum of Understanding by Cisco Chair and CEO Chuck Robbins, alongside senior representatives from G42, OpenAI, Oracle, NVIDIA, and SoftBank the agreement, Cisco will provide advanced networking, security, and observability infrastructure for OpenAI workloads and other advanced AI compute operations. The project envisions a 1GW capacity AI data centre in Abu Dhabi, with the first 200MW tranche set for delivery in 2026.'With the right infrastructure in place, AI can transform data into insights that empower every organisation to innovate faster, tackle complex challenges, and deliver tangible outcomes,' Robbins said. 'Cisco is proud to join this consortium to harness the power of AI and deliver the infrastructure that will enable tomorrow's breakthroughs.'Cisco's participation in Stargate is not the beginning, but rather the culmination of its multi-year partnership efforts across the UAE's public and private sectors. The company recently extended its strategic partnership with G42, a key regional player in AI and cloud computing, to accelerate innovation in secure, AI-native digital this collaboration, Cisco is delivering trusted solutions in areas such as real-time observability, data centre automation, and end-to-end security, all of which are central to building AI systems that are both high-performing and ethically is also involved in the AI Infrastructure Partnership (AIP). AIP is an investment platform led by BlackRock, Global Infrastructure Partners (GIP), MGX (a UAE-based fund), Microsoft, NVIDIA and xAI. Its goal is to mobilise up to $30 billion in capital to build and operate cutting-edge data centres and AI compute hubs across strategic global engagement in the UAE forms part of a broader Gulf-wide AI agenda, which was underscored by recent visits from Cisco executives to Saudi Arabia, Qatar, and Bahrain. These visits led to the announcement of several new partnerships aimed at supporting the secure and sustainable development of AI ecosystems across the Saudi Arabia, Cisco joined the HUMAIN initiative—designed to create one of the world's most open and resilient AI infrastructures—bringing its global expertise to complement the Kingdom's bold AI Qatar, Cisco signed a letter of intent with the Ministry of Interior to support the country's digital transformation, AI infrastructure, and cybersecurity Gulf expansion is not limited to partnerships alone. The company recently launched a $1 billion Global AI Investment Fund, unveiled its AI Defense platform to secure enterprises during their AI transformation, and released the world's first open-source AI security model. These efforts reinforce Cisco's positioning as a trusted AI infrastructure partner, especially in regions where digital sovereignty and cybersecurity are top policy a legacy of enabling secure connectivity, Cisco now aims to lead the next wave of transformation: one that embeds intelligence, adaptability, and trust into every layer of the digital stack. As the Gulf countries ramp up investment in national AI infrastructure, Cisco's technology—and its strategic alliances—place it at the centre of this transformation. 'The Gulf region's AI revolution is truly impressive,' said Robbins. 'Cisco is proud to play a key role in ensuring it is implemented intelligently, securely, and with trusted partners to drive maximum value for governments, businesses, and consumers.' Source: Aletihad - Abu Dhabi
Dubai Eye
15-05-2025
- Business
- Dubai Eye
Trump set to arrive in UAE promising 'new era in collaboration'
US President Donald Trump's visit to the UAE has been widely hailed by Emirati and American business leaders as a pivotal moment in strengthening strategic partnerships between the two nations. Danny Sebright, President of the US-UAE Business Council, described the visit as a defining milestone that opens a new era of cross-border collaboration, especially in areas such as AI, advanced technologies, energy and defence. He noted that UAE investments in the US have exceeded $1 trillion, spanning landmark projects in AI infrastructure, clean energy and manufacturing. Among these is a massive partnership between UAE-based MGX, Microsoft, and xAI to build out advanced AI infrastructure in the US, under a project renamed "AI Infrastructure Partnership," with an anticipated $100 billion in investments and the creation of 20,000 jobs. He also referenced ADQ's $25 billion agreement with Energy Capital Partners to power US data centres, ADNOC's growing portfolio in low-carbon energy and natural gas infrastructure in partnership with ExxonMobil and OMV, and Emirates Global Aluminium's plan to establish the first new aluminum smelter in the US in over three decades. Sebright emphasised that these investments reflect a long-standing, trusted economic partnership. Other strategic ventures include Masdar's clean energy projects across multiple US states, and Mubadala's pivotal investment in GlobalFoundries, creating over 18,000 direct and indirect jobs in New York State alone. Humaid Mohamed Ben Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry (FCCI), stated that Trump's visit provides significant momentum to joint investment opportunities, particularly in critical sectors, including AI, space, renewable energy, healthcare, and advanced technology. He highlighted that the UAE is already home to over 1,800 American companies and that this number is expected to rise in light of the visit's positive impact. In the field of nuclear energy, Mohamed Al Hammadi, Managing Director and CEO of the Emirates Nuclear Energy Company (ENEC), underscored the UAE's collaboration with major US nuclear technology firms as a global model for responsible and peaceful nuclear development. Al Hammadi explained that ENEC is actively investing in next-generation nuclear technologies and microreactors through partnerships with companies such as TerraPower, Westinghouse, and X-energy. These efforts are part of the ENEC ADVANCE Programme, launched in 2023 and are aimed at advancing nuclear capabilities both within the UAE and abroad—including in the United States, where the clean energy sector is witnessing robust growth.
TAG 91.1
15-05-2025
- Business
- TAG 91.1
Trump set to arrive in UAE promising 'new era in collaboration'
US President Donald Trump's visit to the UAE has been widely hailed by Emirati and American business leaders as a pivotal moment in strengthening strategic partnerships between the two nations. Danny Sebright, President of the US-UAE Business Council, described the visit as a defining milestone that opens a new era of cross-border collaboration, especially in areas such as AI, advanced technologies, energy and defence. He noted that UAE investments in the US have exceeded $1 trillion, spanning landmark projects in AI infrastructure, clean energy and manufacturing. Among these is a massive partnership between UAE-based MGX, Microsoft, and xAI to build out advanced AI infrastructure in the US, under a project renamed "AI Infrastructure Partnership," with an anticipated $100 billion in investments and the creation of 20,000 jobs. He also referenced ADQ's $25 billion agreement with Energy Capital Partners to power US data centres, ADNOC's growing portfolio in low-carbon energy and natural gas infrastructure in partnership with ExxonMobil and OMV, and Emirates Global Aluminium's plan to establish the first new aluminum smelter in the US in over three decades. Sebright emphasised that these investments reflect a long-standing, trusted economic partnership. Other strategic ventures include Masdar's clean energy projects across multiple US states, and Mubadala's pivotal investment in GlobalFoundries, creating over 18,000 direct and indirect jobs in New York State alone. Humaid Mohamed Ben Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry (FCCI), stated that Trump's visit provides significant momentum to joint investment opportunities, particularly in critical sectors, including AI, space, renewable energy, healthcare, and advanced technology. He highlighted that the UAE is already home to over 1,800 American companies and that this number is expected to rise in light of the visit's positive impact. In the field of nuclear energy, Mohamed Al Hammadi, Managing Director and CEO of the Emirates Nuclear Energy Company (ENEC), underscored the UAE's collaboration with major US nuclear technology firms as a global model for responsible and peaceful nuclear development. Al Hammadi explained that ENEC is actively investing in next-generation nuclear technologies and microreactors through partnerships with companies such as TerraPower, Westinghouse, and X-energy. These efforts are part of the ENEC ADVANCE Programme, launched in 2023 and are aimed at advancing nuclear capabilities both within the UAE and abroad—including in the United States, where the clean energy sector is witnessing robust growth.
Yahoo
14-05-2025
- Business
- Yahoo
Cisco Announces New Strategic AI Initiatives in the Middle East
News Summary: Cisco to join HUMAIN's alliance to build Saudi Arabia's future AI Infrastructure. Cisco and G42 extend their strategic partnership to drive AI innovation across the United Arab Emirates (UAE) and the United States. Cisco to collaborate with AIP (AI Infrastructure Partnership) to drive investment in data centers and AI infrastructure in the United States and globally. SAN JOSE, Calif., May 14, 2025 /PRNewswire/ -- Cisco, the global leader in networking and security, today announced a series of strategic initiatives across all phases of the AI revolution in the United States and in the Middle East region. These new initiatives place Cisco at the center of the AI revolution in the Gulf, providing world class and trusted technology together with other Cisco partners. Partnering in the Middle East to Build the AI-powered FutureThe announcements this morning follow the visit last week by CEO Chuck Robbins to Saudi Arabia, UAE, Qatar, and Bahrain, and the visit today by Jeetu Patel, EVP and Chief Product Officer, to Saudi Arabia, where he is participating in President Trump's state visit to the region. During his tour of the region, Chuck Robbins met with the Crown Prince and Prime Minister of Saudi Arabia, Mohammed bin Salman, Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohammed bin Zayed al Nahyan, Deputy Ruler of Abu Dhabi and National Security Advisor, Shiekh Tahnoon bin Zayed Al Nahyan, Prime Minister of Qatar, Sheikh Mohammed bin Abdulrahman Al Thani, National Security Advisor of Bahrain, Sheikh Nasser bin Hamed, as well as other senior officials and dignitaries. These high-level meetings built on the decades of Cisco's deep partnerships in these countries with a particular focus now on supporting secure and trustworthy buildouts of Artificial Intelligence (AI) infrastructure, AI innovation, research, and talent development. "The Gulf region's AI revolution is truly impressive, and Cisco is proud to play a key role in ensuring it is implemented intelligently, securely, and with trusted partners to drive maximum value for governments, businesses, and consumers. I am confident in Cisco's ability to help lead the way in the AI revolution and believe these new announcements exemplify that posture and positioning," Robbins said following the visit. "The pace of AI innovation today is unprecedented, and yet, what we're able to do today is just a fraction of what will be possible in just a few years," said Jeetu Patel, EVP and Chief Product Officer, Cisco. "For countries, organizations, and industries, the time to invest in key infrastructure, AI safety and security, and new skill development is now. Cisco is developing the critical technologies of the AI-era, and we're thrilled to be working across the Gulf to maximize their impact." Today's announcements feature major investments and strategic partnerships, including: AI Infrastructure Partnership (AIP): Cisco today announced that it will collaborate with the AI Infrastructure Partnership (AIP), which is led by BlackRock, Global Infrastructure Partners (GIP), MGX, Microsoft, NVIDIA and xAI. AIP will initially seek to unlock $30 billion in capital from investors, asset owners, and corporations. Cisco's addition as a technology partner to AIP, further strengthens the AIP platform as it seeks to invest in secure, efficient and scalable infrastructure to support AI workloads. Cisco, HUMAIN and expanded partnerships in Saudi Arabia: Cisco has announced to join a groundbreaking initiative with HUMAIN, Saudi Arabia's new AI enterprise to help build the world's most open, scalable, resilient and cost-efficient AI infrastructure. This landmark collaboration will set a new standard for how AI infrastructure is designed, secured and delivered – combining Cisco's global expertise with the Kingdom's bold AI ambitions. The multi-year initiative aims to position the country as a global leader in digital innovation. Cisco and G42: Cisco to extend strategic partnership with G42 to further advance AI innovation and infrastructure development in the UAE. The collaboration focuses on Cisco's comprehensive secure AI portfolio and AI-native solutions and services and G42's deep regional roots, AI infrastructure expertise, and expanding global footprint including a potential joint Go-To-Market initiative. Qatar's Digital Transformation: Qatar's Ministry of Interior and Cisco signed a letter of intent to collaborate on Qatar's digital transformation, AI, infrastructure development and cybersecurity. These announcements follow Cisco's other recent AI initiatives, including: Expanded Partnership with Nvidia to Accelerate AI Adoption in the Enterprise Release of AI's First Open-Source Security Model Cisco Unveils AI Defense to Secure the AI Transformation of Enterprises Cisco Launches $1B Global AI Investment Fund About Cisco Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on the Cisco Newsroom. Forward-Looking Statements This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, among others, statements regarding Cisco's future financial or business performance, strategies or expectations, including the anticipated timing, consummation and expected benefits of its plans in Saudi Arabia. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the ability of Cisco to achieve expected benefits of its investments, business and economic conditions and growth trends, increased competition, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10-K and 10-Q, respectively. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information. SOURCE Cisco Systems, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
