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

Kuato, one of the biggest names in venture capital and hedge funds, has a new plan to generate greater returns on artificial intelligence beyond its large stakes in… Anthropic, openeye, xAI, and data center companies such as DayOne in Singapore and CoreWeave.

It has launched a project called Next Frontier to buy up land near large energy sources with the goal of turning those parcels into data centers, The Wall Street Journal reported. Sources told the WSJ that Next Frontier has already signed a joint venture with FluidStack, a cloud infrastructure startup. He crafted a $50 billion deal To build data centers for Anthropic. (Kawato did not respond to a request for comment.)

Although the United States already has 3,000 data centers, more than 1,500 new ones are in various stages of construction, according to Pew ResearchMost of them are in rural areas. This craze is attracting land speculation and data center financing ventures from a lot of players, starting from… Blackstone to Kevin O’Leary from Shark Tank.

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