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Areim Raises €900 Million for Nordic Data Centre Fund
Areim has successfully completed an additional capital raise for its Nordic data centre fund, Areim DC Fund, bringing the total raised capital to €900 million. Investors significantly oversubscribed the capital raise, attracting both Nordic and international institutional investors and diversifying
DataVolt Signs Agreement with NEOM to Develop the First Net-Zero AI Data Center in Oxagon
DataVolt, a Saudi developer, investor, and operator of data centers, has partnered with NEOM, the sustainable region to develop the first net-zero AI data center in Oxagon, northwest Saudi Arabia. The deal is a significant milestone in the region's transformation into a data-driven, sustainable econ
Vance Warns Europe’s AI Regulations Could Stifle Innovation
US Vice President JD Vance strongly criticized the European Union's strict AI laws during the AI summit in Paris. According to Reuters, Vance cautioned that Europe's approach to AI regulation may "strangle" the developing technology and impede its advancement. "We believe that excessive regulation
UN Secretary-General Calls for Global AI Governance to Bridge Divides and Ensure Equity
At the AI Action Summit in Paris, UN Secretary-General António Guterres emphasized the critical need for international cooperation to harness AI's transformative potential without deepening the divide between developed and developing countries. Guterres stressed in his speech how rapidly artificial
