Progress in Building World's Largest Inferencing Data Center in Saudi Arabia

The third Global AI Summit, which concluded on Thursday in Riyadh. Asharq Al-Awsat
The third Global AI Summit, which concluded on Thursday in Riyadh. Asharq Al-Awsat
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Progress in Building World's Largest Inferencing Data Center in Saudi Arabia

The third Global AI Summit, which concluded on Thursday in Riyadh. Asharq Al-Awsat
The third Global AI Summit, which concluded on Thursday in Riyadh. Asharq Al-Awsat

Aramco Digital, the digital and technology subsidiary of Saudi Aramco, and Groq, a leader in AI inference and creator of the Language Processing Unit (LPU), have announced a partnership to establish the world's largest inferencing data center in the Kingdom.

The announcement was made during the third Global AI Summit, which concluded on Thursday in Riyadh.

The strategic collaboration marks a significant step forward in advancing the Kingdom's digital transformation initiatives and solidifying its position as a global leader in AI and cloud computing.

"This initiative not only aims to create the largest facility of its kind but also ensures seamless access to advanced AI computing power for everyone, offered through our digital marketplace, nawat, in a flexible 'as-a-Service' model,” said CEO of Aramco Digital Tareq Amin.

“Our collaboration with Groq aligns directly with Vision 2030, promoting the localization of advanced technologies, driving innovation, enhancing sustainability, and reinforcing digital excellence within the Kingdom."

The facility will process billions of tokens per day by the end of 2024 and be able to onboard hundreds of thousands of developers in the region and then hundreds of billions of tokens per day with millions of developers by 2025, setting a new industry standard and bringing advanced technology from Groq to the Kingdom.



Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.