Coatue has a plan to buy up land for data centers, possibly for Anthropic

In Brief

Coatue, 1 of the biggest names successful task superior and hedge funds, has a caller program to make bigger returns connected AI beyond its sizable stakes successful Anthropic, OpenAI, xAI, and information halfway companies similar Singapore’s DayOne and CoreWeave.

It has launched a task called Next Frontier to bargain up onshore adjacent ample powerfulness sources with the extremity of turning those parcels into information centers, the Wall Street Journal reports. Sources archer the WSJ that Next Frontier has already signed a associated task with FluidStack, a unreality infrastructure startup that penned a $50 cardinal deal to physique information centers for Anthropic. (Coatue did not respond to a petition for comment.)

Although the US already has 3,000 information centers, much than 1,500 caller ones are successful assorted stages of being built, according to Pew Research, astir of them successful agrarian areas. The frenzy is enticing onshore speculation and information halfway financing projects from tons of players, ranging from Blackstone to Shark Tank’s Kevin O’Leary.

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