Coatue, one of the biggest names in venture capital and hedge funds, has a new plan to generate big returns on AI beyond its big stake. anthropic, OpenAI, xAI, and data center companies like Singapore’s DayOne corewave.
It has launched a venture called Next Frontier to buy land near large power sources with the goal of turning those parcels into data centers. Wall Street Journal report. Next Frontier has already signed a joint venture with cloud infrastructure startup FluidStack, sources tell WSJ made a deal worth 50 billion dollars Building a data center for Anthropic. (Coutué did not respond to a request for comment.)
Although there are already 3,000 data centers in the US, more than 1,500 new ones are in various stages of construction, according to Pew ResearchMost of them are in rural areas. This mania is luring a lot of players into land speculation and data center financing projects. black Stone To Kevin O’Leary of Shark Tank.
.
