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[Humain, a subsidiary of Saudi Arabia’s sovereign wealth fund PIF, launches the construction of a 100-megawatt data center] September 1st, Saudi Arabia’s New Future City NEOM issued a statement on Monday. Humain, an artificial intelligence company supported by the sovereign wealth fund PIF, has reached a cooperation with digital infrastructure company DataVolt to jointly develop the first phase of a data center project located in Oxagon, an industrial city in NEOM, with an installed capacity of approximately 100 megawatts (MW). The facility is expected to be operational in 2028 and will integrate renewable energy, innovative cooling technology and high-performance computing clusters. PIF-backed Humain was founded last year and has signed multiple agreements with a number of global technology companies. Saudi Arabia is investing hundreds of billions of dollars to transform its economy to reduce dependence on oil revenue and increase investment in areas including artificial intelligence.

#renewable energy #AI #TMT Industry Observation #data center09-01 14:02