genai / news / / Livemint
Philippe Laffont's $70 billion investment firm has launched a venture to buy land that will be developed for AI data centers.
Coatue Management has launched Next Frontier to buy and develop land for AI data centers.
KEY POINTS
- Next Frontier's facilities target AI clients like Anthropic and are acquiring land in Indiana.
- Next Frontier and Fluidstack jointly raised $5.7 billion in junk bonds for a 430MW data center.
- Coatue is personally funding Next Frontier, alongside its management company and outside investors.
- Next Frontier began acquiring land with major power access only this year.
COMPANIES
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