Coatue, one of many greatest names in enterprise capital and hedge funds, has a brand new plan to generate larger returns on AI past its sizable stakes in Anthropic, OpenAI, xAI, and information heart firms like Singapore’s DayOne and CoreWeave.
It has launched a enterprise referred to as Subsequent Frontier to purchase up land close to giant energy sources with the objective of turning these parcels into information facilities, the Wall Street Journal reports. Sources inform the WSJ that Subsequent Frontier has already signed a three way partnership with FluidStack, a cloud infrastructure startup that penned a $50 billion deal to construct information facilities for Anthropic. (Coatue didn’t reply to a request for remark.)
Though the US already has 3,000 information facilities, greater than 1,500 new ones are in numerous phases of being constructed, in line with Pew Research, most of them in rural areas. The frenzy is engaging land hypothesis and information heart financing initiatives from a number of gamers, starting from Blackstone to Shark Tank’s Kevin O’Leary.
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