Sundry Photography
Nvidia (NASDAQ:NVDA) signed a deal with Qatari telecommunications provider Ooredoo Group that brings its artificial intelligence technology to data centers in five Middle Eastern countries, the companies announced on Sunday. Terms of the deal weren’t disclosed.
Ooredoo will be the first company to provide direct access to Nvidia’s (NVDA) AI and graphics processing technology to its customers in Qatar, Algeria, Tunisia, Oman, Kuwait and the Maldives, Ooredoo said in a statement. The deal was signed on June 19 at the TM Forum in Copenhagen.
“By providing Nvidia’s full-stack AI computing platform to customers, Ooredoo will help make it easier for their customers to deploy generative AI applications and services,” Ronnie Vasishta, senior vice president of telecom at Nvidia (NVDA), said in a statement.
Ronnie Vasishta, senior vice president of telecom at Nvidia, and Aziz Aluthman Fakhroo, group CEO of Ooredoo Photo: Ooderoo
The agreement is Nvidia’s (NVDA) first large-scale deal in region where the United States has imposed export restrictions to prevent Chinese companies from acquiring advanced semiconductors through Middle Eastern countries, Reuters reported Sunday.
Ooredoo is spending $1 billion increase data center capacity from 40 megawatts currently to 60 to 65 megawatts, with plans to triple capacity by the end of the decade, Reuters reported.
Nvidia (NVDA) last week surged past Apple (AAPL) and Microsoft (MSFT) to become the world’s most valuable publicly traded company with a market capitalization of more than $3.34 trillion. Shares of the company have risen over 180% year-to-date and 200% in the last 12 months, driven by a surge in demand for its AI chips.
