AI investor Coatue joins data center frenzy with new venture to buy land
- 6 hours ago
- 1 min read
WALL STREET JOURNAL — Philippe Laffont’s $70 billion investment firm, known for big bets on tech stocks and startups, has launched a venture to buy land that will be developed for AI data centers, according to people familiar with the matter. Tens of billions of dollars could be spent on the effort, the people said.
The new firm, Next Frontier, is already at work on one of its first big projects, which is buying land in Indiana for a data-center campus. Next Frontier’s facilities are targeting AI customers including Anthropic.
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