Alibaba Expands AI Cloud Footprint In South Korea With New Data Hub Launching In June - Alibaba Gr Hldgs (NYSE:BABA)

Alibaba Expands AI Cloud Footprint In South Korea With New Data Hub Launching In June - Alibaba Gr Hldgs (NYSE:BABA)

Alibaba's cloud unit plans to launch second data center in S. Korea by June to capitalize on AI demand. It aims to invest $53B over 3 yrs in AI infrastructure.

Armenia aims to become tech hub of South Caucasus with new AI data factory

Armenia is set to host its own artificial intelligence data factory, with the project valued at $500 million and scheduled to begin operations in 2026. This investment initiative is being jointly implemented by Firebird, the Armenian government, and NVIDIA, JAMnews has reported. “FirebirdCloudAI is Armenia’s largest and most important tech investment the country’s ‘Stargate’. The idea was born when Jensen Huang, co-founder and CEO of NVIDIA, vis…

Alibaba Cloud to open second data center in South Korea by June end: report

Alibaba Cloud to launch second data centre in South Korea

Global cloud leader empowers customers in Korea with its proven large models.

South Korea's SK Group and AWS will invest ~$5.1B including $4B from AWS to build a 100 MW AI data center in Ulsan by 2029, and plan to expand capacity to 1 GW