Huang calls Israel ‘Nvidia’s 2nd home’, announces $1.5-bn AI campus
In a significant move that underscores the growing importance of Israel in the global technology landscape, US chipmaker Nvidia has announced plans to build a massive $1.5-billion AI data server farm in the country. This ambitious project, which is expected to begin by 2027 and be completed by 2031, is a testament to Israel’s reputation as a hub for innovation and technological excellence. According to a report by the Times of Israel, Nvidia’s CEO Jensen Huang has expressed his company’s deep commitment to Israel, referring to the country as “Nvidia’s second home.”
The announcement of the $1.5-billion AI campus is a major boost to Israel’s economy and reinforces its position as a leading destination for technology companies. The project is expected to create numerous job opportunities and stimulate economic growth in the region. Nvidia’s decision to invest in Israel is a vote of confidence in the country’s thriving tech industry, which has earned the nickname “Startup Nation” due to its impressive track record of producing successful startups and entrepreneurs.
Israel has long been recognized as a hotbed of technological innovation, with a highly skilled workforce and a strong culture of entrepreneurship. The country is home to a large number of startups and research institutions, many of which are focused on developing cutting-edge technologies such as artificial intelligence, cybersecurity, and data analytics. Nvidia’s investment in Israel is a natural fit, given the company’s own focus on developing AI and data-driven technologies.
CEO Jensen Huang’s statement that “Israel is home to some of the world’s most brilliant technologists and has become Nvidia’s second home” is a testament to the country’s reputation as a hub for technological talent. Huang’s comments also reflect the strong ties between Nvidia and Israel, which have been built over many years of collaboration and investment. The company has a long history of partnering with Israeli startups and research institutions, and has previously invested in several Israeli companies.
The $1.5-billion AI campus announced by Nvidia is a major expansion of the company’s existing operations in Israel. The project will involve the construction of a large data server farm, which will be used to support Nvidia’s AI and data analytics operations. The campus will be equipped with state-of-the-art infrastructure and will provide a hub for Nvidia’s researchers and engineers to develop new AI and data-driven technologies.
The investment in Israel is part of Nvidia’s broader strategy to expand its global presence and strengthen its position in the rapidly growing AI and data analytics markets. The company has been at the forefront of the development of AI technologies, and its graphics processing units (GPUs) are widely used in applications such as deep learning, natural language processing, and computer vision.
Nvidia’s decision to invest in Israel is also a reflection of the country’s highly developed infrastructure and business-friendly environment. Israel has a well-established ecosystem of startups, venture capital firms, and research institutions, which provides a supportive environment for companies like Nvidia to grow and thrive. The country’s highly skilled workforce, which includes many engineers and scientists with expertise in AI and data analytics, is another major draw for companies looking to invest in the region.
The announcement of the $1.5-billion AI campus has been welcomed by the Israeli government, which has been actively promoting the country as a destination for foreign investment. The government has implemented a range of initiatives aimed at supporting the growth of the tech industry, including tax incentives, funding for research and development, and investment in infrastructure.
In conclusion, Nvidia’s announcement of a $1.5-billion AI campus in Israel is a significant development that underscores the country’s importance as a hub for technological innovation. The project is a testament to Israel’s reputation as a destination for foreign investment and its highly developed ecosystem of startups, research institutions, and venture capital firms. As CEO Jensen Huang noted, Israel has become “Nvidia’s second home,” and the company’s investment in the country is a reflection of its deep commitment to the region and its people.
Source: https://x.com/RT_com/status/2003085479378620888
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