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SDAIA, NVIDIA Presidents Discuss Computing Power Infrastructure in Saudi Arabia

President of the Saudi Data and AI Authority (SDAIA)met on Sunday with Founder, President and CEO of NVIDIA in Riyadh - SPA
President of the Saudi Data and AI Authority (SDAIA)met on Sunday with Founder, President and CEO of NVIDIA in Riyadh - SPA
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SDAIA, NVIDIA Presidents Discuss Computing Power Infrastructure in Saudi Arabia

President of the Saudi Data and AI Authority (SDAIA)met on Sunday with Founder, President and CEO of NVIDIA in Riyadh - SPA
President of the Saudi Data and AI Authority (SDAIA)met on Sunday with Founder, President and CEO of NVIDIA in Riyadh - SPA

President of the Saudi Data and AI Authority (SDAIA) Dr. Abdullah bin Sharaf Alghamdi welcomed on Sunday the Founder, President and CEO of NVIDIA, Jensen Huang, at the authority’s headquarters in Riyadh.
During the meeting, Alghamdi and Huang discussed areas of mutual cooperation between SDAIA and NVIDIA, particularly in technological projects and exchange of expertise in the fields of data and artificial intelligence.
They also explored the latest developments in data and AI worldwide and highlighted NVIDIA's participation in the Global Smart City Forum (GSCF 2024) organized by SDAIA in Riyadh on February 12 and 13, SPA reported.
The meeting reflects ongoing cooperation between SDAIA and NVIDIA, especially in launching a multi-year program to establish a high-performance supercomputing platform in the Kingdom.
The platform will contribute to the development of various AI-supported applications in language technology and computer vision, helping to achieve the aspirations of AI adoption in the Kingdom.

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Oracle to Invest $6.5 Bn in Malaysian Cloud Services Region

(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
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Oracle to Invest $6.5 Bn in Malaysian Cloud Services Region

(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.

The firm said the cloud region would help organizations in the country modernize their applications, migrate their workload to the cloud and innovate with data, analytics and artificial intelligence.

Oracle is working to expand its cloud infrastructure business globally. The company recently projected it will surpass $100 billion in revenue in fiscal 2029, driven by increasing demand for cloud services.

Malaysia's new cloud region will be the firm's third in Southeast Asia, following two facilities in neighboring Singapore.

"Malaysia offers unique growth opportunities for organizations looking to accelerate their expansion with the latest digital technologies," Garrett Ilg, Oracle's executive vice president for Japan and Asia Pacific, said in a statement.

"Our multi-billion-dollar investment affirms our commitment to Malaysia as a regional gateway for cloud infrastructure as well as a comprehensive suite of software as a service applications deployed within Malaysia."

The statement also quoted Malaysia's Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz as welcoming the investment, saying it would help firms with innovative and cutting-edge AI and cloud technologies to boost their global competitiveness.

"Oracle's decision to establish a public cloud region in Malaysia underscores Malaysia's infrastructure readiness, and its growing position as a premier Southeast Asian destination for digital investments," he added.

Oracle is the latest global tech giant to announce major digital investments in Southeast Asia. Google-parent Alphabet said in May it would invest $2 billion to house the firm's first data center in Malaysia.

Google on Monday said it plans to invest $1 billion to build digital infrastructure in Thailand, including a new data center.

Amazon and Microsoft have also announced investments worth billions of dollars in the region as demand for AI hots up.

Malaysian Prime Minister Anwar Ibrahim on Tuesday announced that the country plans to develop a National Cloud Policy.