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WHTop → 📋 News → LEAP 2025: NEOM, DataVolt Unveil $5B AI Data Center in Saudi Arabia
LEAP 2025: NEOM, DataVolt Unveil $5B AI Data Center in Saudi Arabia
📅 - On the second day of LEAP 2025, Saudi Arabia's premier international innovation expo, technology and artificial intelligence (AI) investments reached $6.13 billion, underscoring the Kingdom's ambition to position itself as a global technology hub. The substantial funding spans AI infrastructure, digital connectivity, and gaming, reflecting the country's commitment to advancing its technology ecosystem.
A $5 billion partnership between DataVoltand NEOM took center stage, announcing plans to construct the first fully sustainable AI data center with a 1.5-gigawatt capacity in Oxagon, the floating industrial city in the Red Sea. This investment aims to support the growing demands of AI-driven [...][... Check source for end of article ...]
📅 - Supermicro Reports High AI Earnings Amid Blackwell Supply Constraints - Supermicro reported strong financial performance for the second quarter of fiscal year 2025, driven by continued demand for AI infrastructure and data center solutions. However, supply chain constraints, particularly related to NVIDIAs highly anticipated Blackwell architecture, present potential challenges in sustaining this momentum.
The company announced preliminary net sales between $5.6 billion and $5.7 billion for the quarter ending December 31, 2024, representing a 54% year-over-year increase. Supermicros balance sheet remains robust, with an estimated $1.4 billion in total cash and cash equivalents as of December 31, 2024, against a total debt of approximately $1.9 billion, of [...]
📅 - StorPool Announces Disaster Recovery Engine for KVM-based Clouds - For cloud infrastructure constructed with the Linux KVM hypervisor and the StorPool Storage platform, the StorPool Disaster Recovery Engine (DRE) will streamline the setup and operation of disaster recovery (DR) services for virtual machines (VM). Tens to thousands of virtual machines can be protected by the StorPool DRE. To guarantee continuous business operations, it streamlines disaster recovery scenarios such as 1:1, many to 1, and many to many. It also provides the industry's best recovery point objective (RPO) and recovery time target (RTO) for virtual machines in disaster situations.
For KVM-based clouds, this new feature turns StorPool Storage into a software-defined primary data [...]
📅 - Positron Secures $23.5M for U.S.-Made Energy-Efficient AI Chips - A consortium of investors, including Flume Ventures, Valor Equity Partners, Atreides Management, and Resilience Reserve, has invested $23.5 million in Positron, a rising player in AI inference technology. This funding would enable Positron to scale the production of its energy-efficient, U.S.-manufactured AI chips, providing enterprises with a cost-effective alternative to Nvidias AI hardware.
Since its launch in 2023, Positron has rapidly gained traction, shipping devices to data centers and neocloud providers nationwide - a rare feat for a semiconductor startup without hundreds of millions in funding.
As AI infrastructure costs soar and enterprises face vendor lock-in with dominant [...]
📅 - Iron Mountain Invests in Ooredoos MENA Data Center Expansion - This strategic collaboration enables MENA Digital Hub to leverage Iron Mountains deep expertise alongside Ooredoos market strength, said Sunita Bottse, the CEO of the MENA Digital Hub.Ooredoo Group has entered into a strategic agreement withIron Mountain, a global leader in information management services, under which Iron Mountain will acquire a minority stake in Ooredoos carrier-neutral data center business, MENA Digital Hub. This collaboration will use Iron Mountains global infrastructure management skills withOoredoos local knowledge to propel hyperscale and AI data center growth in MENA.
The agreement would position MENA Digital Hub to meet the growing regional demand for digital [...]
📅 - Equinix Invests $1B in Saudi AI Data Center to Boost MENA Digital Hub - Equinix has announced a major $1 billion investment to establish a 100MW artificial intelligence (AI)-focused data center in Saudi Arabia, marking a significant expansion of digital infrastructure in the Middle East. The announcement was made during LEAP 2025, Saudi Arabia's premier international technology expo, where a total of $14.9 billion in technology and infrastructure investment agreements were unveiled.
The move highlights the Kingdoms increasing role as a regional digital hub and aligns with broader efforts to diversify its economy through technological advancements.
Equinixs planned facility will cater to both hyperscale and retail clients, providing a carrier-neutral [...]
📅 - NetIX Expands Global Reach with Telehouse London Docklands PoP - NetIX, one of the worlds fastest-growing Internet exchanges, has strengthened its global presence by partnering with colocation provider Telehouse. NetIX has established a major point-of-presence (PoP) at the Telehouse North data center in the London Docklands. The move would enhance NetIXs network expansion capabilities while improving efficiency, service turnaround, and global connectivity for its growing customer base.
For over six years, NetIX relied on a partner to access Telehouse North, but with the establishment of its own PoP, the company now operates directly within the facility. This transition has dramatically reduced service turnaround times from four weeks to under four [...]