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BlackHat Cybersecurity Event Continues Activities for 2nd Day Amid Wide Turnout

The ongoing edition of Black Hat will continue its activities until November 16, 2023 - SPA
The ongoing edition of Black Hat will continue its activities until November 16, 2023 - SPA
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BlackHat Cybersecurity Event Continues Activities for 2nd Day Amid Wide Turnout

The ongoing edition of Black Hat will continue its activities until November 16, 2023 - SPA
The ongoing edition of Black Hat will continue its activities until November 16, 2023 - SPA

The world’s fastest growing cybersecurity event "Black Hat" proceeds on the second day amidst a substantial turnout at the Riyadh Front Exhibition & Conference Center.

The event is organized by the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP) and Tahaluf. The ongoing edition of Black Hat will continue its activities until November 16.

According to the Saudi Press Agency, the second day featured captivating sessions covering a wide range of cutting-edge topics, such as; “Security Continuum,” “Gamification Of Cybersecurity,” “Cyber Leadership,” and “Ask Me Anything (AMA): The CISO Sit-Down”.

The event hosted a lineup of experts and speakers including, while it also witnessed the graduation ceremony of the trainees of the Tuwaiq Cybersecurity Bootcamp, presented by Tuwaiq academy.
 

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AI Cloud Provider SMC Plans Global Rollout

People attend a media tour of Sustainable Metal Cloud's Sustainable AI Factory in Singapore July 25, 2024. REUTERS/Caroline Chia/File Photo Purchase Licensing Rights
People attend a media tour of Sustainable Metal Cloud's Sustainable AI Factory in Singapore July 25, 2024. REUTERS/Caroline Chia/File Photo Purchase Licensing Rights
TT
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AI Cloud Provider SMC Plans Global Rollout

People attend a media tour of Sustainable Metal Cloud's Sustainable AI Factory in Singapore July 25, 2024. REUTERS/Caroline Chia/File Photo Purchase Licensing Rights
People attend a media tour of Sustainable Metal Cloud's Sustainable AI Factory in Singapore July 25, 2024. REUTERS/Caroline Chia/File Photo Purchase Licensing Rights

Singapore-headquartered AI cloud provider Sustainable Metal Cloud (SMC) is planning to expand globally as its sees fast-growing demand for its energy saving technology, its CEO said on Thursday.

"Due to client demand, we’re looking to expand in EMEA (Europe Middle East and Africa) and North America," CEO and co-founder Tim Rosenfield said, Reuters reported.

The startup, a partner of AI chip giant Nvidia, already operates what it calls "sustainable AI factories" in Australia and Singapore and is set to launch in India and Thailand.

Its clients in Singapore, where it operates over 1,200 of Nvidia's high-end H100 AI chips, include Facebook owner Meta who uses SMC's cloud to run its Llama 2 AI model.

While most data centres depend on air cooling technology, SMC uses immersion technology, submerging servers from Dell fitted with GPUs (graphics processing units) from Nvidia in a synthetic oil called polyalphaolefin to draw heat away faster.

The technology behind the approach reduces energy consumption by up to 50% compared to traditional air cooling, according to the CEO.

Demand for AI is expected to increase 10-fold compared with 2023, according to the International Energy Agency (IEA).

The electricity consumption of data centres globally is expected to top 1,000 terawatt-hours in 2026, roughly equivalent to Japan's total annual consumption, the IEA said in March.

SMC is currently raising $400 million in equity and $550 million in debt according to a source with direct knowledge of the matter.

The company declined to comment. The fundraising was first reported by Bloomberg.