"Coatue has launched a venture called Next Frontier to buy up land near large power sources with the goal of turning those parcels into data centers."
"Next Frontier has already signed a joint venture with FluidStack, a cloud infrastructure startup that penned a $50 billion deal to build data centers for Anthropic."
"The US already has 3,000 data centers, and more than 1,500 new ones are in various stages of being built, according to Pew Research."
"The frenzy is enticing land speculation and data center financing projects from lots of players, ranging from Blackstone to Shark Tank's Kevin O'Leary."
Coatue has initiated a venture named Next Frontier to purchase land near significant power sources for the development of data centers. This move aims to increase returns on its investments in AI companies like Anthropic and OpenAI. Next Frontier has already formed a joint venture with FluidStack, which has a $50 billion agreement to construct data centers for Anthropic. The US currently has 3,000 data centers, with over 1,500 more under construction, primarily in rural areas, attracting various investors.
Read at TechCrunch
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