Latest news with #GraceBlackwellGB300
Newsweek
6 days ago
- Business
- Newsweek
Building AI's Backbone in the Middle East
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. When U.S. President Donald Trump announced the giant Stargate artificial intelligence venture was coming to the United Arab Emirates, data center company Khazna was already gearing up to become its backbone. The shift to supporting AI, and the extra speed of implementation required, marked a massive scaling up from Khazna's cloud computing origins and would be a step towards delivering AI as a commodity in the UAE and beyond, Chief Executive Officer Hassan Alnaqbi told Newsweek in an interview in UAE. "It's completely changed, completely changed. They need it now, maximum six months. And this is why I think my biggest challenge is developing Stargate in a record time," Alnaqbi said. Majority-owned by the Abu Dhabi-based G42 holding company, Khazna has grown from a 28 megawatt company in 2021 to a half-gigawatt (500 megawatt) company now and is on course to meet the Stargate demands to provide five gigawatts (5,000 megawatts), with data centers being measured by their power consumption. "I think the data center became sexy only after AI became the norm," he said. "It's part of the new intelligence grid, because you need energy, and of course AI, infrastructure, GPU, etc, but without the backbone, without the foundation layer, nothing can happen." Stargate UAE will be operated by OpenAI and Oracle in a collaboration that also includes Cisco, Japan's SoftBank Group and NVIDIA, will supply its Grace Blackwell GB300 systems, after Trump lifted restrictions on advanced chip exports to UAE. It is already one of the most connected societies in the world and prides itself on smooth delivery of digital services. Not only does it have a minister specifically for AI, but its National Artificial Intelligence System will formally become an advisory member of the cabinet as of next year. Khazna CEO Hassan Alnaqbi Khazna CEO Hassan Alnaqbi Khazna Going Global Building the data centers, Khazna aims to be the foundation for AI operating far beyond UAE itself, both as a hosting itself and working with other countries to help build the necessary infrastructure. It already has projects in France, Italy and Turkey. "Let's face it, I think UAE doesn't need the five gigawatt worth of GPU intelligence. It probably needs maybe let's say half a gigawatt, maybe even less, but the remaining is actually a platform for all the collective ecosystem building here to actually export it," Alnaqbi said. "Where they don't have access to energy, where they don't have access to GPU, it becomes a service and the long term vision we have is that AI becomes a utility, just like electricity." A long-term target is industrializing countries of the Global South that lack the UAE's level of infrastructure. Kenya and Egypt are already among those seen as strong prospects. But closer to home is bigger neighbor Saudi Arabia. "Saudi for us, is a very strategic market. It's bigger than UAE from all aspects, consumer industries, but also it's an underserved market, and I think with the whole division digitalizing and also now aggressively working and taking a leading position with AI," he said. "We see ourselves as complementary to the government there in terms of coming with a track record and helping build that infrastructure." Given that cooling is one of the biggest challenges in running a data center, and even more so for AI, one of the world's hottest countries might not be seen as an ideal place to be building it. The temperature averages near 100 degrees in summer, even if it is much more comfortable in winter. At the same time, UAE has a goal of getting to net zero carbon emissions by 2050 as nuclear and solar become more important sources of electricity that is currently generated mostly by natural gas. Khazna was leading innovation to design efficient data centers and cooling systems, Alnaqbi said. Despite the challenging environmental conditions, Khazna's power usage effectiveness (PUE) was already on a par with data centers in Europe, Alnaqbi said. "We are also moving away from the air-cooling solution to the water-based cooling solution," he said. "We can save up to 70% of energy by utilizing the liquid to liquid cooling and on top of that, the water we're using for the cooling is also treated sewage water instead of drinkable water." The expanding AI capabilities would themselves feed back into improving power usage, Alnaqbi said. "I'm 100% sure not every company, not every industry is utilizing the power to the full potential," he said. "I can help you optimize that. This is the foundation layer of the new digital economy."
Yahoo
29-05-2025
- Automotive
- Yahoo
Nvidia (NVDA) Surges Toward $5 Trillion Valuation on AI Expansion and Investor Backing
Nvidia (NVDA, Financials) rallied 45% since its April low, supported by easing tariff concerns and investor excitement over its widening role in the AI ecosystem. The company is set to report first-quarter fiscal 2026 results after the close, with Wall Street expecting a 66% year-over-year revenue increase. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Revenue forecasts and market momentum have been further lifted by Nvidia's new partnership with Saudi Arabia's HUMAIN to build AI factories powered by 18,000 Grace Blackwell GB300 superchips. The move deepens Nvidia's foothold in emerging markets and aligns with Saudi Arabia's broader AI ambitions. KM Capital, a top 4% investor on TipRanks, views Nvidia's physical AI initiativessuch as autonomous tech and roboticsas a major long-term driver. The chipmaker has recently partnered with General Motors, Uber, and Volvo to extend its influence in the automotive sector. Morgan Stanley projects the robotic humanoid market could hit $5 trillion by 2050. Nvidia's early entrance and first-mover advantage in the space give it long-term upside, according to KM, who forecasts the company can maintain a 7% constant growth rateenough, by his calculations, to hit a $5 trillion valuation. Generative AI remains a near-term revenue driver. KM points to strong enterprise spending projections in AI/ML over the next year, and notes that Taiwan Semiconductor's recent price hikes confirm robust chip demand. "The ability to raise prices is a bullish indicator," he said. Despite Nvidia's surge, KM contends the stock is still undervalued and considers it a no-brainer Strong Buy. The view is broadly shared by Wall Street, where Nvidia has 32 Buy, 4 Hold, and just 1 Sell rating, giving it a Strong Buy consensus. Analysts' 12-month average price target of $164.21 implies ~20% upside from current levels. With AI infrastructure deployments accelerating and demand surging across sectors, Nvidia's competitive moat continues to deepen. Investors will be watching today's earnings and any updates on global partnerships or AI product rollouts. Those factors could further strengthen the bull case heading into the second half of fiscal 2026. This article first appeared on GuruFocus. 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
Yahoo
29-05-2025
- Automotive
- Yahoo
Nvidia (NVDA) Surges Toward $5 Trillion Valuation on AI Expansion and Investor Backing
Nvidia (NVDA, Financials) rallied 45% since its April low, supported by easing tariff concerns and investor excitement over its widening role in the AI ecosystem. The company is set to report first-quarter fiscal 2026 results after the close, with Wall Street expecting a 66% year-over-year revenue increase. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Revenue forecasts and market momentum have been further lifted by Nvidia's new partnership with Saudi Arabia's HUMAIN to build AI factories powered by 18,000 Grace Blackwell GB300 superchips. The move deepens Nvidia's foothold in emerging markets and aligns with Saudi Arabia's broader AI ambitions. KM Capital, a top 4% investor on TipRanks, views Nvidia's physical AI initiativessuch as autonomous tech and roboticsas a major long-term driver. The chipmaker has recently partnered with General Motors, Uber, and Volvo to extend its influence in the automotive sector. Morgan Stanley projects the robotic humanoid market could hit $5 trillion by 2050. Nvidia's early entrance and first-mover advantage in the space give it long-term upside, according to KM, who forecasts the company can maintain a 7% constant growth rateenough, by his calculations, to hit a $5 trillion valuation. Generative AI remains a near-term revenue driver. KM points to strong enterprise spending projections in AI/ML over the next year, and notes that Taiwan Semiconductor's recent price hikes confirm robust chip demand. "The ability to raise prices is a bullish indicator," he said. Despite Nvidia's surge, KM contends the stock is still undervalued and considers it a no-brainer Strong Buy. The view is broadly shared by Wall Street, where Nvidia has 32 Buy, 4 Hold, and just 1 Sell rating, giving it a Strong Buy consensus. Analysts' 12-month average price target of $164.21 implies ~20% upside from current levels. With AI infrastructure deployments accelerating and demand surging across sectors, Nvidia's competitive moat continues to deepen. Investors will be watching today's earnings and any updates on global partnerships or AI product rollouts. Those factors could further strengthen the bull case heading into the second half of fiscal 2026. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
Nvidia (NVDA) to Help Build Sweden's First AI Infrastructure
Bloomberg reported on May 23 that Nvidia Corp. (NASDAQ:NVDA) is partnering with a group of Swedish companies, including AstraZeneca Plc, Ericsson AB, Saab AB, and SEB AB, to create the country's first artificial intelligence infrastructure. Wallenberg Investments AB, the investment vehicle of Sweden's influential Wallenberg family, will also be a significant shareholder in the venture. The project's first phase will establish Sweden's largest enterprise AI supercomputer by deploying two Nvidia DGX SuperPODs featuring NVIDIA's latest-generation Grace Blackwell GB300 systems. Nvidia will also open its first AI Technology Center in Sweden and lead AI research with partners. The venture is expected to be operated by a joint company. A scientist at a computer station, surrounded by a neural network of artificial intelligence code. While welcoming the initiative, Marcus Wallenberg, Chair of Wallenberg Investments AB, emphasized that it will accelerate the development and adoption of AI across Swedish industries, provide opportunities for upskilling, and strengthen the country's AI ecosystem. Jensen Huang, founder and CEO of NVIDIA, described the venture as a catalyst for breakthroughs. He noted: 'As electricity powered the industrial age and the Internet fueled the digital age, AI is the engine of the next industrial revolution. Through the visionary initiative of Wallenberg Investments and Sweden's industry leaders, the country is building its first AI infrastructure—laying the foundation for breakthroughs across science, industry, and society, and securing Sweden's place at the forefront of the AI era.' With the support of high computing power, the four partner companies, Ericsson, AstraZeneca, Saab, and SEB, will collaborate with Nvidia to apply AI in their respective domains: enhancing telecom services, accelerating drug discovery, advancing defense technologies, and driving innovation and productivity in banking. Nvidia Corp. (NASDAQ:NVDA) designs and manufactures graphics processing units (GPUs), system on a chip units (SoCs), and AI hardware and software. Over the years, the company has expanded its offerings from gaming GPUs to include data center solutions, AI computing, and deep learning technologies. The company's GPUs are widely used in data centers for high-performance computing, AI training, and inference, making it a critical player in the data center ecosystem. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 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
Yahoo
23-05-2025
- Business
- Yahoo
G42 and partners to build 1GW Stargate AI data centre
United Arab Emirates (UAE) state-backed company G42 and its partners plan to build the first phase of an AI data centre in the UAE, dubbed 'Stargate UAE'. The project is a joint effort involving G42, OpenAI, Oracle, NVIDIA, SoftBank Group, and Cisco. Stargate UAE will serve as a next-generation compute cluster and will operate within the newly established 5GW UAE–US AI Campus located in Abu Dhabi. G42 is leading the construction of the 1GW cluster, with US companies OpenAI and Oracle set to manage its operations. Oracle CTO and chairman Larry Ellison said: 'Stargate pairs Oracle's AI-optimised cloud with nation-scale sovereign infrastructure. This first-in-the-world platform will enable every UAE government agency and commercial institution to connect their data to the world's most advanced AI models. 'This landmark deployment sets a new standard for digital sovereignty and demonstrates how nation states can harness the power of the most important technology in the history of humankind.' The collaboration includes several major technology firms. Cisco will provide zero-trust security measures and AI-ready network capabilities while NVIDIA will supply its Grace Blackwell GB300 systems, supporting the high-performance compute needs of the facility. SoftBank Group is also participating in the project. Initial operations will begin with a 200MW AI cluster expected to go live in 2026. The infrastructure is designed to support high-scale computing and low-latency AI processing, intended to meet growing global demand. This project is part of the broader "US-UAE AI Acceleration Partnership," an initiative aimed at fostering deeper cooperation on AI and advanced technologies. The partnership seeks to develop AI that is safe, secure, and beneficial for humanity in the long term. As part of this partnership, UAE-based organisations will also expand their digital infrastructure investments in the US, including projects such as Stargate US, aligned with the 'America First Investment Policy'. Covering an area of ten square miles, the UAE–US AI Campus is the largest AI infrastructure project of its kind outside the US. It will offer 5GW of AI data centre capacity, powered by a mix of nuclear, solar, and natural gas sources to reduce carbon emissions. The campus will also feature a science park focused on innovation, workforce development, and sustainable computing technologies. OpenAI co-founder and CEO Sam Altman said: 'By establishing the world's first Stargate outside of the US in the UAE, we're transforming a bold vision into reality. 'This is the first major milestone in our OpenAI for Countries initiative—our effort to work with allies and partners to build AI infrastructure around the world. 'It's a step toward ensuring some of this era's most important breakthroughs—safer medicines, personalised learning, and modernized energy—can emerge from more places and benefit the world.' "G42 and partners to build 1GW Stargate AI data centre" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
