Coatue Management launches Next Frontier to buy land for AI data centres
Updated
Updated · The Wall Street Journal · May 1
Coatue Management launches Next Frontier to buy land for AI data centres
10 articles · Updated · The Wall Street Journal · May 1
The $70 billion firm could spend tens of billions, starting with Indiana projects including a 430-megawatt New Lebanon campus targeting customers such as Anthropic.
Robert Yin and former Blackstone executive Peter Wallace are leading the venture, which has partnered with Fluidstack and raised $5.7 billion in junk bonds for development.
The move extends Coatue’s AI push beyond model makers into infrastructure as power and computing shortages intensify a global scramble for data-centre sites.
With AI chips becoming obsolete in years, is the billion-dollar bet on data center land a ticking time bomb for investors?
As AI's thirst for power outpaces renewables, will our climate goals be the first casualty of the data center boom?