Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • June
  • Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says
  • Business

Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says

Editor June 23, 2024

By Andrew Mills

DOHA (Reuters) – Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo’s CEO told Reuters.

    The agreement marks Nvidia’s first large-scale launch in a region to which Washington has curbed the export of sophisticated U.S. chips to stop Chinese firms from using Middle Eastern countries as a back door to access the newest AI technology.

    It will make Ooredoo the first company in the region able to give clients of its data centers in Qatar, Algeria, Tunisia, Oman, Kuwait and the Maldives direct access to Nvidia’s AI and graphics processing technology, Ooredoo said in a statement.

Providing the technology will allow Ooredoo to better help its customers deploy generative AI applications, Nvidia’s senior vice president of telecom Ronnie Vasishta said.

    “Our b2b clients, thanks to this agreement, will have access to services that probably their competitors (won’t) for another 18 to 24 months,” Ooredoo’s CEO Aziz Aluthman Fakhroo told Reuters in an interview.

    The companies did not disclose the value of the deal, which was signed on the sidelines of the TM Forum in Copenhagen on June 19.

Ooredoo also would not disclose exactly what type of Nvidia technology it will be installing in its data centres, saying that it depends on availability and customer demand.

Washington allows the export of some Nvidia technology to the Middle East, but curbs exports of the company’s most sophisticated chips.

    Ooredoo is investing $1 billion to boost its regional data centre capacity by 20-25 additional megawatts on top of the 40 megawatts it currently has, and plans to almost triple that by the end of the decade, Fakhroo said.

    The company has carved out its data centers into a separate company following a similar move last year to create the Middle East’s largest tower company in a deal with Kuwait’s Zain and Dubai’s TASC Towers Holding.

    Ooredoo also has plans to carve out its undersea cables and fiber network into a separate entity, Fakhroo said.    

(Reporting by Andrew Mills; Editing by Jan Harvey)


About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Apple and Meta have discussed AI partnership, WSJ reports
Next: US aircraft carrier arrives in South Korea for military drills

Related Stories

2025-08-22T225658Z_1_LYNXMPEL7L0XW_RTROPTP_4_META-PLATFORMS-RESULTS
  • Business

Meta partners with Midjourney to license AI tech for future products

Editor August 23, 2025
2025-08-22T231059Z_1_LYNXMPEL7L0Y2_RTROPTP_4_DATABRICKS-M-A-1
  • Business

Exclusive-Databricks to buy Sequoia-backed Tecton in AI agent push 

Editor August 23, 2025
2025-08-22T172230Z_1_LYNXMPEL7L0Q4_RTROPTP_4_EU-APPLE-META-PLATFORMS-ANTITRUST-7
  • Business

Apple in talks to use Google’s Gemini AI to power revamped Siri, Bloomberg News reports

Editor August 23, 2025

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Protesters set fire to Indonesian parliament buildings in several provinces
  • Over 600 UAW workers at two GE Aerospace facilities go on strike
  • China’s support for multilateralism is vital, says UN’s Guterres
  • Protesters set fire to Indonesian parliament buildings in several provinces
  • Over 600 UAW workers at two GE Aerospace facilities go on strike

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

2025-08-30T060335Z_1_LYNXMPEL7T03N_RTROPTP_4_INDONESIA-POLITICS-PROTESTS.JPG
  • Newsletters

Protesters set fire to Indonesian parliament buildings in several provinces

Editor August 30, 2025
2025-08-28T090437Z_2_LYNXMPEL7R04E_RTROPTP_4_FRANCE-AIRSHOW.JPG
  • Newsletters

Over 600 UAW workers at two GE Aerospace facilities go on strike

Editor August 30, 2025
2025-08-30T115235Z_1_LYNXMPEL7T062_RTROPTP_4_CHINA-SCO.JPG
  • Newsletters

China’s support for multilateralism is vital, says UN’s Guterres

Editor August 30, 2025
2025-08-30T060335Z_1_LYNXMPEL7T03N_RTROPTP_4_INDONESIA-POLITICS-PROTESTS.JPG
  • Newsletters

Protesters set fire to Indonesian parliament buildings in several provinces

Editor August 30, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com