AI Investor Coatue Joins Data-Center Frenzy With New Venture to Buy Land
Coatue Management doesn’t just want to invest in the hottest artificial-intelligence companies. It wants to get in at the ground level—literally.
Philippe Laffont’s $70 billion investment firm, known for big bets on tech stocks and startups, has launched a venture to buy land that will be developed for AI data centers, according to people familiar with the matter. Tens of billions of dollars could be spent on the effort, the people said.
