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Saudi Arabia $100Bn AI fund...Fueling Data Centres!

Summary by thefinancestory.com
In 2024, Kingdom of Saudi Arabia announced a $100 billion plan to become a leader in AI, data analytics, and advanced technology. This investment has already sparked several big deals in the data center industry. According to Bloomberg, Riyadh’s data center capacity is set to grow at a huge 37% per year until 2027 But why Saudi Arabia? But first, why does AI need more data centers? If it feels like you’re hearing about data centers every day, yo…
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Saudi Arabia $100Bn AI fund...Fueling Data Centres!

In 2024, Kingdom of Saudi Arabia announced a $100 billion plan to become a leader in AI, data analytics, and advanced technology. This investment has already sparked several big deals in the data center industry. According to Bloomberg, Riyadh’s data center capacity is set to grow at a huge 37% per year until 2027 But why Saudi Arabia? But first, why does AI need more data centers? If it feels like you’re hearing about data centers every day, yo…

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thefinancestory.com broke the news in on Tuesday, March 11, 2025.
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