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Investing.com -- Northern Data AG (ETR:NB2) is close to finalizing an agreement to provide data center capacity to G42, the Abu Dhabi state-backed artificial intelligence company that is expanding its European operations.
Under the proposed deal, Northern Data would grant G42’s cloud-computing division, Core42, access to approximately half of its 23,000 Nvidia Corp . (NASDAQ:NVDA) graphics processing units (GPUs), according to Bloomberg, citing people familiar with the discussions.
The sources noted that the terms of the agreement are still being negotiated and the deal has not been finalized.
Northern Data, a German company, manages data centers across multiple countries including the United States, Sweden, Norway, and Portugal. The firm previously focused on providing computing capacity to cryptocurrency miners but has shifted its business strategy to capitalize on the growing artificial intelligence sector where demand for computing resources is rapidly increasing.
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