Coatue has a plan to buy up land for data centers, possibly for Anthropic
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Coatue, a major venture capital firm, has launched a new initiative called Next Frontier to acquire land near power sources for data centers, aiming to enhance returns on AI investments. The venture has already partnered with FluidStack, which has a $50 billion deal to build data centers for Anthropic. Despite the existing 3,000 data centers in the US, over 1,500 more are under construction, attracting interest from various investors, including Blackstone and Kevin O’Leary.
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