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WHTop → 📋 News → France and UAE Plan $50 Billion AI Data Center
Feb, 2025 : France and UAE Plan $50 Billion AI Data Center
📅 - France and the United Arab Emirates (UAE) have entered into a landmark agreement for a major artificial intelligence (AI) data center investment, marking a significant financial commitment between the two nations. The French presidency announced that the UAE will contribute to building a 1-gigawatt AI-focused data center in France, with investments estimated between $30 billion and $50 billion.
The deal was formalized as part of broader efforts to strengthen Frances AI infrastructure and attract foreign capital into its technology sector.
The agreement was signed during a high-profile meeting between French President Emmanuel Macron and UAE President Sheikh Mohamed bin Zayed Al Nahyan, [...][... Check source for end of article ...]
📅 - Aligned Data Centers Expands Leadership Team - Aligned Data Centers has announced four key executive appointments, marking a significant leadership expansion at Aligned aimed at driving growth and innovation in the data center industry.
Michael Morris has been promoted to Chief Development Officer (CDO) from his previous role as Executive Vice President of Design and Construction. In his new capacity, Morris will oversee Aligned's strategic development initiatives with a focus on expanding the company's data center footprint to meet the growing demand for scalable and flexible infrastructure. With nearly 15 years of experience in high-impact data center development and construction projects, Morris has played a pivotal role in [...]
📅 - Mirantis Unveils Open Source Project for Platform Engineering - K0rdent facilitates the creation of customized internal development platforms (IDPs) for platform engineers by managing Kubernetes clusters on any infrastructure. The K0rdent architecture may be readily adapted to platform developers' unique needs thanks to its modular design, and standardized deployment templates are offered to expedite installations.
Randy Bias, vice president of open source strategy and technology at Mirantis, stated that companies worldwide are facing the challenge of managing the ever-increasing Kubernetes sprawl while simultaneously increasing developer velocity and decreasing time-to-market, streamlining operations, and controlling compliance risks. With the help [...]
📅 - SolarWinds Acquired by Turn/River Capital in $4.4B Deal - Private equity company Turn/River Capital has agreed to buy SolarWinds, a top supplier of ITmanagement and observability software, in a historic $4.4 billion transaction. With the all-cash acquisition of SolarWinds at $18.50 per share, the Austin, Texas-based business - which has been listed on the New York Stock Exchange (NYSE) - will undergo a dramatic metamorphosis as it goes private.
The decision to transition into private ownership comes after years of turbulence for SolarWinds, most notably its involvement in one of the most consequential cybersecurity incidents in modern history. The companys Orion software platform was compromised in a sophisticated supply chain attack in 2020, [...]
📅 - Nirmata Secures $9.6M for AI-Driven Cloud Policy Solutions - Nirmata, a provider of cloud-native security policy automation and governance solutions, has announced a $9.6 million funding round. With this funding, Nirmata aims to accelerate product development, expand its global market reach, and solidify its role as a leader in security automation, governance, and compliance from code to the cloud.
The funding round was led by Peak XV Surge, formerly known as Sequoia Capital India & SEA. The investment also includes participation from Dallas Venture Capital, Dreamit Ventures, Z5 Capital, and Uncorrelated Ventures.
The increasing adoption of Kubernetes and container technologies has fueled the need for robust security solutions. As cloud-native [...]
📅 - NXP Acquires Kinara for $307M to Boost Edge AI Processing - NXP Semiconductors (NASDAQ: NXPI) has announced the acquisition of Kinara, a leader in high-performance, energy-efficient, and programmable discrete neural processing units (NPUs). This $307 million all-cash deal, expected to close in the first half of 2025 pending regulatory approvals, would strengthen NXPs position in edge AI processing by integrating Kinaras advanced AI capabilities into its portfolio.
The increasing demand for secured, cost-effective, and energy-efficient AI solutions is driving rapid growth in the edge AI processing market. Advanced edge AI enables localized decision-making, reducing reliance on cloud computing, enhancing data privacy, and lowering operational [...]
📅 - Iliad Group Invests 3B in AI Infrastructure, Cloud, and Research - The Iliad Group has committed 3 billion to advancing artificial intelligence across Europe, reinforcing its ambition to lead the sector. The investment spans AI research, application layers, and dedicated infrastructure, including data centers and processing capabilities.
A major portion of the funding, 2.5 billion, is directed towards OpCore, the entity managing the Iliad Group s 13 data centers. The goal is to establish a dominant position in hyperscale data centers that cater to AI computational needs. To achieve this, the Group has partnered with InfraVia, a European private equity firm, enabling OpCore to scale its capacity to several hundred megawatts, with long-term plans extending [...]