Nvidia reportedly enters into agreement to deploy proprietary artificial intelligence (AI) technology
Nvidia has reportedly entered into an agreement to deploy its artificial intelligence (AI) technology in Qatari data centers located in several Middle Eastern countries.
In a Reuters report dated June 24, Qatar Telecom Ooredoo Group CEO Aziz Al Othman Fakhro said the deal would make the company the first in the region to open the doors for its customers to have access direct to Nvidia’s artificial intelligence and graphics. technology.
Advanced AI technology now in the Middle East
The telecommunications company has customers in Qatar, Algeria, Tunisia, Oman, Kuwait and the Maldives. Fakhro said the deal allows these customers to access “what their competitors may not be able to achieve for 18 to 24 months.”
Nvidia will install the technology in Ooredoo’s data center, although the specific type of Nvidia technology that will be installed has not been revealed. Installation will depend on customer demand and technology availability. Financial details of the deal were also not revealed.
Ooredoo plans to invest up to $1 billion in its regional data center to increase its capacity by an additional 20 to 25 megawatts. This will be in addition to the 40 megawatts currently in operation.
By the end of the decade, Fakhro said he plans to triple that amount. Ronnie Vasishta, senior vice president of communications at Nvidia, said the technology provided by Nvidia will help Ooredoo better serve its customers in deploying generative AI applications.
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Artificial intelligence export restrictions continue
The agreement concluded between Oooredoo and Nvidia is the first large-scale launch of the manufacturer of artificial intelligence chips in a region subject to export curves imposed by the United States.
In August 2023, US authorities extended restrictions on the export of high-end Nvidia AI chips to “certain countries in the Middle East” as part of their efforts to prevent Chinese companies from accessing the cutting-edge AI technology via backdoor countries.
The development also comes after Nvidia became the world’s most valuable publicly traded company in June this year, with a current market capitalization of around $3.34 trillion.
That’s a slight improvement over Microsoft’s stock valuations of $3.32 trillion and Apple’s $3.29 trillion.
Nvidia is responsible for supplying approximately 80% of all cutting-edge AI semiconductor chips used in cutting-edge data centers around the world.
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