Kazakhstan signed an AI project agreement with startup Firebird, with participation from NVIDIA Corporation (NVDA.US), potentially bringing investment of up to USD10 billion.

The agreement includes a strategic cooperation pact to develop AI infrastructure, as well as a large-scale plan to build a project named Data Center Valley in northeastern Kazakhstan.

According to a statement from the Kazakh government, the first phase of Data Center Valley is expected to involve an investment of USD5 billion, including USD1 billion from state-owned Kazakhtelecom.

A 125-megawatt power plant under the project is scheduled to commence commercial operations next year. The launch timing of the second phase and the additional USD5 billion investment will be determined at a later stage.
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AASTOCKS Financial News
Website: www.aastocks.com

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