AI capital and compute crossing borders worldwide, closest on the Gulf and North America
AI capital and compute crossing borders worldwide, closest on the Gulf and North America
Infrastructure
HUMAIN and DataVolt announced a preliminary framework on October 21, 2026 under which Nebius, a Nasdaq-listed AI cloud company, would take up to 50MW at a planned AI campus in Oxagon, NEOM, half of the first 100MW under construction.
Chandni Melwani
Saudi Arabia · Oct 29, 2026
Infrastructure
UK-founded Yamna and an Omani ministry signed a memorandum of understanding on strategic cooperation in digital infrastructure on October 21, Oman News Agency reported. The UK government said Yamna was set to sign an agreement to build a large-scale AI data centre in Salalah, saying its first phase is expected to exceed £1bn and will create over 100 highly skilled jobs across the UK.
Chandni Melwani · Oman · Oct 23, 2026
Infrastructure
EverWind plans more than C$10bn of private investment in Nova Scotia, including a data-centre campus at Point Tupper of up to 420 MW. Anthropic has confirmed it holds the long-term lease on the first phase, planned for late 2027.
Chandni Melwani · Canada · Oct 22, 2026
Capital
GlobalFoundries will run two new chip fabs at its Malta, New York, site under a US-Japan initiative providing up to $21 billion, with Japan providing the investment. GF is majority-owned by Abu Dhabi's Mubadala, and in a separate agreement the US Commerce Department will receive about 4% of its equity.
Chandni Melwani · US · Oct 21, 2026
Policy
China has proposed export controls on 23 AI technologies, from large models to chip design and computing clusters. A commerce ministry spokesperson says serving a restricted large model abroad through an API would fall outside large-model export controls.
Chandni Melwani · China · Oct 20, 2026
Capital
Nvidia will fund five years of compute access, valued at $250 million, for UK research on agentic AI safety and security, with providers, architecture and commercial terms still to be agreed.
Chandni Melwani · UK · Oct 18, 2026
Infrastructure
GlobalFoundries, whose majority shareholder is Abu Dhabi's Mubadala, will make silicon interposers for TSMC's advanced AI packaging at its fab in Malta, New York, under a multi-year agreement GF puts at $2 billion.
Chandni Melwani · US · Oct 8, 2026
Capital
DayOne Data Centers filed for a Nasdaq listing on October 5, 2026. Its prospectus shows how much of the business rides on one short-video customer, and how US policy toward China could reach the company, its services and the US investors buying in.
Chandni Melwani · Southeast Asia · Oct 7, 2026
M&A
SLB has signed an agreement to acquire Kelvion, a German maker of industrial heat exchangers and data-centre cooling systems, from Apollo and Triton funds for about $3.4bn in cash plus about $0.7bn in assumed debt. The deal has not closed and still needs regulatory approvals.
Chandni Melwani · US · Aug 31, 2026
Capital
Mistral and HUMAIN announced a sovereign-AI collaboration in Riyadh on August 24, sized in euros but carrying an exploratory compute leg and no binding contracts yet.
Chandni Melwani · Saudi Arabia · Aug 28, 2026
Infrastructure
A data centre with its chips installed still cannot switch on without a power transformer, and in the US the order book for those runs about 30 months.
Chandni Melwani · GCC · Aug 20, 2026
Capital
The guarantee only pays out if OpenAI defaults, and OpenAI has agreed to reimburse Nvidia for anything Nvidia pays.
Chandni Melwani · US · Aug 17, 2026
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AI capital and compute crossing borders