Search Site

Trends banner

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Aramco Digital, Groq to build world’s largest AI inferencing data center

The announcement was made on the sidelines of the Global AI Summit (GAIN Summit. (SPA)
  • The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.
  • The facility will process 5.28 million tokens per second by the end of 2024 and 53 tokens per second by 2025.

Riyadh, Saudi Arabia — Aramco Digital Company and Groq, a leader in artificial-intelligence (AI) inference, have announced their partnership to establish the world’s largest inferencing data center in Saudi Arabia.

The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.

The inferencing data center will play a pivotal role in Aramco Digital’s vision to leverage advanced technologies that drive operational excellence and support the Kingdom Vision 2030.

By combining cutting-edge AI and machine-learning (ML) infrastructure from Groq with Aramco Digital’s strategic goals, the partnership aims to revolutionize data processing and analytics across various sectors.

The facility will process 5.28 million tokens per second by the end of 2024 and 53 tokens per second by 2025, setting a new industry standard and bringing advanced technology from Groq to the Kingdom.