Remove 2030 Remove Cloud Remove Development
article thumbnail

Saudi Arabia launches $100 Billion AI initiative to lead in global tech

CIO Business Intelligence

The program, known as Project Transcendence, marks a significant push by the Kingdom to develop a robust AI ecosystem that can rival leading tech hubs, including neighbouring United Arab Emirates and other global technology centers. In recent years, the Kingdom has set up research centers, ministries, and educational programs focused on AI.

article thumbnail

Google bets on nuclear power to drive AI expansion

Network World

In a blog post, Google announced an agreement with Kairos Power to source nuclear energy, aiming to bring the first SMR online by 2030, with more reactors planned by 2035. Benefits of using small modular reactors Data center power usage is set to surge in the coming years, driven by cloud computing and AI.

Google 477
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Equinix to cut 3% of staff amidst the greatest demand for data center infrastructure ever

Network World

According to Goldman Sachs , data center demand in the US alone is projected to nearly triple by 2030, driving more than $1 trillion in investment. For instance, according to Forrester, app development is on the decline (after hitting its peak in 2021).

article thumbnail

Huawei Cloud unveils AI initiatives to support Saudi Vision 2030

CIO Business Intelligence

At the Huawei Cloud Summit Saudi Arabia 2024, held today, Huawei Cloud made a significant announcement, unveiling a series of innovative artificial intelligence (AI) initiatives to accelerate Saudi Arabia’s digital transformation. Huawei Cloud’s AI initiatives are directly aligned with these goals.

Cloud 278
article thumbnail

Data center growth puts unprecedented pressure on power grids

Network World

The report , based on a survey of 100 data center leaders, also shows that 30% of all sites will be using onsite power by 2030. McKinsey has similar predictions for power demand growth, estimating that US data centers will have more than 80 gigawatts of demand in 2030.

article thumbnail

10 quantum computing milestones of 2024

Network World

billion in 2026 though the top use case for the next couple of years will remain research and development in quantum computing. This means that they have developed an application that shows an advantage over a classical approach though not necessarily one that is fully rolled out and commercially viable at scale.

IBM 398
article thumbnail

Fujitsu, Osaka University develop quantum circuit generator to hasten pace to commercialization

Network World

Fujitsu and Osaka University have developed new technologies that they said will accelerate the move to practical quantum computing, the next-generation computing paradigm for workloads that increasingly demand more processing power than classical computing can provide.