SDAIA President Launches High-Capacity Technical Projects and Data Centers

The projects aim to increase the capacity and operational efficiency of data centers. (SPA)
The projects aim to increase the capacity and operational efficiency of data centers. (SPA)
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SDAIA President Launches High-Capacity Technical Projects and Data Centers

The projects aim to increase the capacity and operational efficiency of data centers. (SPA)
The projects aim to increase the capacity and operational efficiency of data centers. (SPA)

Saudi Data and AI Authority (SDAIA) President Dr. Abdullah Al-Ghamdi launched on Saturday several technical infrastructure expansion projects and data centers in Riyadh.

The projects, the first of their kind in Saudi Arabia, were launched at an event attended by Director of the National Information Center Dr. Essam bin Abdullah Al-Waqit, and other SDAIA leaders and officials.

The new data centers boast an electrical capacity of up to 65 kilowatts per cabin and feature highly efficient electrical and mechanical systems. The projects aim to increase the capacity and operational efficiency of data centers.

These initiatives are part of SDAIA’s strategy to develop sustainable data centers built according to the best global practices and standards set by the UPTIME Institute, the global authority on data center evaluation and classification.



Getty Images and Shutterstock to Merge, Forming $3.7 billion Stock Image Giant

Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
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Getty Images and Shutterstock to Merge, Forming $3.7 billion Stock Image Giant

Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo

Getty Images said on Tuesday it will merge with rival Shutterstock to create a $3.7 billion stock image powerhouse in a deal that would help the companies navigate the AI era, but likely attract antitrust scrutiny.

Shutterstock's shares were up 9.9% in premarket trading, while shares of Getty Images were up 18.7%, according to Reuters.

The combined company will be named Getty Images Holdings Inc and will continue to trade on the New York Stock Exchange under the ticker symbol "GETY".

At close, Getty Images' CEO, Craig Peters, will serve as CEO of the combined company.

Getty competes with Reuters and the Associated Press in providing photos and videos for editorial use.