stc Group to Showcase Advanced Defense Solutions at World Defense Show 2024

stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
TT

stc Group to Showcase Advanced Defense Solutions at World Defense Show 2024

stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh

stc Group is participating as a sponsor at the World Defense Show 2024, to take place from February 4 to 8 in Riyadh.
Held under the theme “Equipped for Tomorrow”, this second edition of the World Defense Show will showcase the future of defense through innovation and emerging technologies from around the world.
stc Group, along with its subsidiaries, participates in this year’s edition, showcasing its innovative products and solutions tailored for the defense and military sectors. These solutions include state-of-the-art communication systems, secure network infrastructure, satellite connectivity, AI, and advanced cybersecurity measures to ensure mission-critical operations remain resilient and secure.
In order to leverage the collective expertise and resources of key industry partners, and facilitate the development of innovative solutions that enhance security and defense capabilities, stc Group plans to establish strategic collaborations and ink memoranda of understanding. These partnerships will drive advancements in defense technology and enhance security capabilities through cooperation and innovation.
stc Group will participate in the panel session on Defense Innovation Units to explore and promote understanding of the role and impact of DIUs in the defense and military sectors. It will also discuss how DIUs facilitate collaboration and partnerships between the military, private sector, startups, and academia, to accelerate technology adoption.



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

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.