Search...
Explore the RawNews Network
Follow Us

Nvidia deal: U.S. chip curbs simply 'enterprise as standard': Ooredoo CEO

0 Likes
June 26, 2024

Jakub Porzyck | Nurphoto | Getty Photographs

Qatari telecoms supplier Ooredoo informed CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. rules and can nonetheless permit it to have entry to the newest expertise.

Ooredoo earlier this week signed a partnership with Nvidia, marking the chipmaker’s first large-scale entry into the Center East market. The businesses didn’t disclose the worth of the deal.

The deal will see 1000’s of Nvidia’s GPUs (graphics processing models) deployed in 26 information facilities throughout Qatar and 5 different international locations: Kuwait, Oman, Algeria, Tunisia and the Maldives. These chips will assist the information facilities course of large quantities of data, which can feed AI chatbots and different instruments, important parts of a rustic’s AI infrastructure.

The tie-up comes after the United States last year restricted the sale of sure superior chips to some Center Jap nations, over fears the expertise may very well be intercepted by China.

Washington does permit the export of some Nvidia chips to the area, and Nvidia, AMD and Intel have all indicated plans to create much less highly effective chips for export to the Chinese language market. The restrictions deal with A100 and H100 chips, not GPUs (one other sort of semiconductor) that are central to this deal.

Ooredoo informed CNBC that the deal is compliant of all U.S. rules. Underneath the partnership, no new licenses for various chips have been created.

“As a telecom operator, coping with very stringent regulation is enterprise as standard. We’re used to coping with regulators and authorities authorities, whether or not they’re native or worldwide,” Ooredoo’s CEO informed CNBC.

“We’re working very intently with the completely different regulators and with Nvidia to see all of the required approvals and to supply all of the ensures required,” he added.

A tug of battle between China and the US has performed out within the race to acquire and shield the newest synthetic intelligence expertise. The United Arab Emirates’ high AI group G42 vowed to section out Chinese language {hardware} to appease Washington, later seeing through a deal with Microsoft worth $1.5 billion.

Gulf states are leveraging their huge vitality wealth to attempt to change into pioneers in synthetic intelligence, investing in creating the expertise and importing large portions of chips utilized in AI information facilities.

In response to Ooredoo’s CEO, the chips are newest technology GPUs, catered specifically for synthetic intelligence and “will have the ability to ship excessive machine studying and mannequin utilization of those AI fashions and generative AI.”

They are going to be utilized in citizen companies for governments, and to reinforce productiveness and effectivity for common companies and analysis and growth.

The euphoria for Nvidia could drive the market cap to $6 trillion, says EMJ Capital's Eric Jackson

The cloud partnership between Ooredoo and Nvidia goals to place the chipmaker because the central supply for AI expertise within the area, and based on Ooredoo will drive innovation, growth and create jobs. The international locations will get entry to Nvidia’s newest full-stack AI platform, catering to each Ooredoo and non-Ooredoo prospects via impartial information facilities.

Ooredoo additionally dedicated to investing $1 billion to spice up its regional information heart capability even earlier than saying its partnership with Nvidia. Aziz Aluthman Fakhroo, Ooredoo’s CEO, informed CNBC’s Dan Murphy that he expects that funding to be returned within the years to return.

“The demand we’re seeing simply from the cloud and now including that layer of AI to it’s already outstripping our most optimistic plan, so we’ll in all probability exceed that funding within the subsequent three to 5 years.”

Qatar Funding Authority-backed Ooredoo, which is listed in each Qatar and Abu Dhabi, plans to develop a platform pushed by AI and powered by Nvidia within the hope of assembly market demand.

Nvidia briefly turned the world’s most beneficial firm final week, overtaking Microsoft. The chipmaker rebounded in Tuesday commerce, reversing a three-day dropping streak which wiped over $550 billion from its market worth.

Social Share
Thank you!
Your submission has been sent.
Get Newsletter
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus