UAE’s Presight and Samruk-Kazyna will build a data hub in Kazakhstan

Presight + Samruk-Kazyna JV inks its first agreement:ADX-listed big data analytics outfit Presight and Kazakh sovereign wealth fund Samruk-Kazyna have inked an agreement to develop an AI supercomputer and data center cluster in Kazakhstan, according to an Abu Dhabi Securities Exchange (ADX) disclosure (pdf). This is the first project implemented by a recently established Samruk-Kazyna and Presight joint venture. No investment ticket or timeline for the project were disclosed as part of the statement.

The details: The project is set to unfold in two stages, with the first phase boosting computing capabilities at the Digitization Ministry’s standing facilities and the development of a Kazakh large-language model (LLM). The second phase will see the establishment of a data center and

supercomputer cluster that is powered by green energy, the statement said.

About Presight: Established in 2020, the company applies big data, analytics, and AI to collate information and develop insights for various sectors and scales. The company has been listed on ADX since 27 March 2023 and has operations in 14 countries according to its website.