"Northon Data" is working on the conclusion of an artificial intelligence computer agreement with the UAE "G42"

The German company “Northern Data” is close to the conclusion of an agreement to provide the capabilities of data centers for the Abu Dhabi G42 (G42), as part of the latter’s efforts to expand its presence in Europe, according to people who know the matter. Northon Data gives the G42 wool computer arm known as “Core 42”, the ability to reach about half of the 23,000 GPA units of “invitation production”, according to the people who asked not to reveal their identity due to the privacy of information. They pointed out that the conditions of the agreement are still being negotiated and that no final agreement has been reached. From cryptocurrencies to artificial intelligence, the German company manages data centers in the United States, Sweden, Norway and Portugal. The company previously provided the cryptocurrency mining businesses with computer ability, but that has turned into the artificial intelligence sector, which has an accelerated demand. Also read: The Emirati “G42” elaborates worldwide in artificial intelligence by opening a European center that “Northne data” expects the revenue of its cloud unit “taiga”, specializing in sedimentary intelligence services, by up to 74% compared to 2024. Frankfurt, to join a cumulative drop of more than 50% since the beginning of the year. Big Emirati investments are looking for ‘G42’ to expand its business outside the Middle East, as it promised large investments in Asia, Africa and the United States. In June, the company opened an office in London to sell artificial intelligence solutions to the public and private sectors, offering itself as a comprehensive technical services provider, with the possibility of taking advantage of the large oil owned by Abu Dhabi. The UAE is taking part in investment promises in Europe this year, including investments amounting to $ 50 billion ($ 58 billion) in French data centers and $ 40 billion in Italy. In May, MGX and MGX, an investment platform supported by G42 and the Sovereign Wealth Fund, announced a partnership with French companies to create what is expected to be the largest complex of artificial intelligence data in Europe. In a separate context, Northon Data recently reported that she received strategic attention to the ‘Taiga Cloud’ and ‘Ardent’, which specializes in building and operating databases. The company has also indicated that its mining cryptocurrencies operations are also subject to a strategic review, and it can be for sale.