KKR partners with GDH to invest US$ 5 billion to build Hyperscale DCs in the Middle East
KKR, a renowned global investment firm, has announced that funds associated with it will acquire a stake in Gulf Data Hub (GDH), a prominent data center player headquartered in Dubai. Upon completion, KKR and GDH have committed to support over US$5 billion of total investment to grow GDHs’ market position and to support its international […]
ByteDance expands AI infrastructure with new data center in Shanxi
ByteDance, the parent company of TikTok, is investing 4.5 billion yuan (approximately US$614 million) in a new computing center in Datong, Shanxi Province, China. This significant investment underscores the company’s growing focus on artificial intelligence (AI) and its commitment to developing advanced AI technologies. Scmp reported that the new center will cover 205,013 square metres, […]