Google Cloud, Haboob Partner to Strengthen Saudi Arabia's Nationwide Cyber Defense

Haboob announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia. (SPA)
Haboob announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia. (SPA)
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Google Cloud, Haboob Partner to Strengthen Saudi Arabia's Nationwide Cyber Defense

Haboob announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia. (SPA)
Haboob announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia. (SPA)

Haboob, a leading cybersecurity service provider owned by the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia.

This marks the first time Chronicle CyberShield will be offered in a managed services model in the Kingdom, aiming to bolster cybersecurity services for public sector organizations, said Haboob in a statement on Tuesday.

The news was revealed at Black Hat MEA in Riyadh.

“Chronicle CyberShield is a comprehensive solution that provides technology, processes, capabilities and resources to deliver situational awareness of the cyber threat landscape. It is uniquely designed for government entities to share threat information, help accelerate investigations and initiate a united response against persistent and ever-evolving threats proactively and rapidly,” said the statement

Haboob and Google Cloud are addressing the rising demand for cloud services in the Kingdom in alignment with the Saudi Vision 2030 digital transformation goals.

Running on Google Cloud's infrastructure, Chronicle CyberShield is capable of ingesting large amounts of data and conducting analytics within seconds. This can be a crucial factor when protecting one of the top 20 global economies and dealing with diverse data sources across various organizations and industries.

Haboob is spearheading the nationwide implementation of this solution, including the launch of a modernized Government Security Operations Center in Saudi Arabia, with advanced threat intelligence capabilities, enabling proactive detection and response to threats and incidents.

As part of the partnership, Haboob will also have access to a range of services from cybersecurity leader Mandiant, part of Google Cloud, including incident response capabilities, compromise and cyber defense assessments, and red teaming, in order to help protect key customer assets.

CEO of Haboob Eng. Saleh Alhaqbani underlined their keenness to provide their services to a wide range of clients in government and private sectors, which reflects great confidence in their ability to meet their needs in the cybersecurity sector, said the statement.

He stressed the importance of managed security monitoring services, which are growing significantly due to the legislation and security controls of the National Cybersecurity Authority, as well as the great risks resulting from cyber threats and new and complex methods of Advanced Persistent Threats (APTs) to bypass and penetrate technical systems.

Alhaqbani added that Haboob is delivering a managed security monitoring service in partnership with Google Cloud using Google Chronicle CyberShield, which is supported by artificial intelligence (AI) technologies that help it detect complex cyber threats. Haboob is seeking to contribute to creating a safe cyberspace and achieving its strategic goals that have been worked on to align with Saudi Vision 2030's strategic goals.



Dell Raises Forecasts as Demand Surges for Nvidia Powered AI Servers 

The logo of Dell Technologies at the Milipol Paris in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris in Villepinte near Paris, France, November 15, 2023. (Reuters)
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Dell Raises Forecasts as Demand Surges for Nvidia Powered AI Servers 

The logo of Dell Technologies at the Milipol Paris in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris in Villepinte near Paris, France, November 15, 2023. (Reuters)

Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-optimized servers that are powered by Nvidia's powerful chips, sending its shares up about 3% in extended trading.

Dell's infrastructure solutions group, which includes Nvidia-powered servers, surged 38% to a record revenue of $11.65 billion in the second quarter.

The company's servers are engineered to handle AI systems' intense computational demands, including training large language models.

"Enterprise remains a significant opportunity for us, as many are still in the early stages of AI adoption," Chief Operating Officer Jeff Clarke said in a post-earnings call.

Clarke said that Dell sees an emerging opportunity in "sovereign AI" by leveraging the company's strong relationships with governments globally.

Nvidia on Wednesday said nations building AI models in their own languages were turning to its chips, and that this would contribute about low double-digit billions to its revenue in the financial year ending in January 2025.

Nvidia CEO Jensen Huang called out the partnership with Dell earlier this year, saying they were helping businesses create their own "AI factories."

Dell's stock has risen 45% this year.

Dell said on Thursday it now expects annual revenue outlook to be between $95.5 billion and $98.5 billion, up from $93.5 billion and $97.5 billion previously. It also raised its annual adjusted profit per share forecast to $7.80, plus or minus 25 cents.

Demand for its AI-optimized servers rose about 23% sequentially to $3.2 billion in the second quarter. The backlog for these AI servers was $3.8 billion.

"Our pipeline has grown to several multiples of our backlog," Clarke said in a statement.

Revenue for the second quarter ended Aug. 2 rose about 9% to $25.03 billion, beating analysts' average estimate of $24.14 billion, according to LSEG data. It reported adjusted profit per share of $1.89 per share, compared with estimates of $1.71 per share.

While AI server demand soared, Dell's PC business struggled, losing market share to rivals. However, a strong refresh cycle for

AI PCs are expected next year after Microsoft ends support for Windows 10.

Revenue for the client solutions group - home to PCs - fell about 4% to $12.41 billion.

"Dell lost PC shipment shares in key markets in the second quarter. It is the top vendor in the US business market, but its competitors have shown growth and gained more shares than they did a year ago," said Mikako Kitagawa, director analyst at Gartner.

The company took a $328 million charge for workforce reductions in the second quarter.

Separately, Reuters exclusively reported earlier on Thursday that Dell is again exploring a possible sale of cybersecurity firm SecureWorks, following previous unsuccessful attempts to find a buyer.