AUSTIN,
Texas, May 4, 2024 /PRNewswire/
-- U.S.-based tech startup Iozera, in collaboration with the
Government of Morocco, announces
an initiative set to transform the AI industry. Iozera has
announced the signing of a Memorandum of Understanding (MOU) for
the establishment of a pioneering 386MW Data Center and AI Hub in
Tetouan, Morocco. This strategic
partnership is designed to democratize access to advanced AI
computing resources, enhancing availability of GPU-based
processing for researchers, startups, and businesses in the U.S.,
Morocco, and globally. A key
feature of this initiative is its commitment to sustainability,
leveraging Morocco's robust
renewable energy resources to power the facility.
The MOU signing event is scheduled for
May 8th, 2024, at 4:30 PM at the Capital Factory in Austin, Texas.
The MOU signing event is scheduled for May 8th, 2024, at 4:30
PM at the Capital Factory in Austin, Texas. Distinguished attendees will
include His Excellency Mr. Mohcine
Jazouli, the Moroccan Delegate-Minister to the Head of
Government for Investment, Convergence, and the Evaluation of
Public Policies, Her Excellency Dr. Ghita
Mezzour, Moroccan Minister Delegate to the Head of
Government in charge of Digital Transition and Administrative
Reform as well as a prominent delegation from the Moroccan
Government and AMDIE (the Moroccan Investment and Export
Development Agency). Additionally, a special delegation from
Taiwan's Pegatron, including CTO
James Shue, will be present,
underscoring the significant commitment to this transformative
project.
The event is open to the public, and members of the AI and tech
community are invited to attend. Following the MOU signing, an AI
mixer and networking event will commence featuring a complementary
selection of exquisite Moroccan delights and refreshments.
Notable guest speakers, including James
Shue, CTO of Pegatron, Ahmed
Bennis, General Manager of Tanger Med Zones, Timothy Ngo and Takeshi
Hirota, Co-Founders of Iozera, will also take place. Guests
are asked to register via the Eventbrite link below and check-in at
the Capital Factory, 701 Brazos St, Austin, TX 78701, at 4:30 PM on the day of the event.
https://www.eventbrite.com/e/ai-connex-x-capital-factory-welcomes-the-kingdom-of-morocco-ai-mixer-tickets-889875540697
Eureka Park: A Visionary Renewable Energy-Powered Project
Eureka Park is set to establish a premier global technology AI
Hub in Tetouan, Morocco, centered
around the 386MW Hyperscale AI Data Center named Iozera. Located
just 12km away from the coast of Spain, it includes three additional facilities
designed to enhance the data center's capabilities far beyond
traditional data center services.
Facilities at Eureka Park:
Iozera AI Data Center: Engineered for advanced AI computation
and traditional data storage, attracting leading tech companies and
researchers from around the world.
GenV Data Management Services: Focuses on AI training, data
management, labeling, and annotating, creating employment
opportunities while also pioneering secure AI
training/modeling.
Ryse Research: An incubation and education center that nurtures
startups and also prepares Moroccans for employment within Eureka
Park.
AI Expo: Showcases the latest global AI advancements from
startups and large enterprises, and promotes a tech-savvy culture,
enhancing Eureka Park's visibility and drawing international
attention.
Renewable Energy Utilization:
Noor Solar Power Complex:
The Noor Solar Power Complex, located in Ouarzazate, is one of the world's largest
solar farms and a beacon of Morocco's renewable energy ambitions. This
facility uses concentrated solar power (CSP) technology, which
involves mirrors or lenses to concentrate a large area of sunlight
onto a small area. Electrical power is produced when the
concentrated light is converted to heat, which drives a heat engine
(usually a steam turbine) connected to an electrical power
generator. The Noor Complex is particularly innovative due to its
ability to store solar energy in the form of heated molten salt,
allowing for power generation even after sunset. This capability
significantly enhances the reliability and stability of solar
power, providing a continuous, sustainable energy source for the
Iozera Data Center.
Koudia Al Baida Wind Farm:
Located in the windy region near Tetouan and close to the Eureka
Park site, the Koudia Al Baida Wind Farm is another critical
component of Morocco's renewable
portfolio. This wind farm capitalizes on the consistent winds from
the Atlantic, converting kinetic energy from wind into electricity
using turbines. This source of power is not only sustainable but
also cost-effective, further reducing operational costs for Iozera.
The project is currently being repowered to reach a goal of
100MW.
Eureka Park is designed to be a green innovative ecosystem that
not only leads in AI technology but also significantly contributes
to Morocco's economic and
technological growth. Construction is set to begin in Q4 of 2024
and be operational by Q2 of 2026, ready to host clients and
visitors for the 2030 World Cup in Morocco.
Media Contact:
Timothy Ngo
tim@iozera.ai
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SOURCE Iozera.ai