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A joint venture has been established between Blue Owl Capital, Chirisa Technology Parks, and PowerHouse Data Centers, focusing on the development of large-scale AI and high-performance computing (HPC) data centers. This partnership aims to deploy up to $5 billion in capital to support CoreWeave and other hyperscale data center customers. The initial phase will deliver 120MW of capacity at a campus in Richmond, VA, with further expansions planned across multiple states.
The collaboration is designed to provide a flexible capital solution for rapid deployment of AI infrastructure, addressing the growing demands of the hyperscale market. Leaders from each company emphasized the innovative structuring and financial expertise that will drive substantial growth in the AI sector. This venture marks a significant step in meeting the increasing requirements for AI data processing capabilities.
• Joint venture aims to develop AI data centers with $5 billion investment.
• Initial capacity of 120MW to be delivered by 2026 for CoreWeave.
The joint venture focuses on developing these data centers to meet the increasing demand for AI processing capabilities.
The partnership aims to create HPC data centers to support advanced AI applications.
The joint venture offers turnkey AI data center developments to streamline deployment for clients.
Blue Owl's involvement in the joint venture highlights its commitment to supporting large-scale data center developments.
Chirisa's expertise in data center development is crucial for the success of the joint venture.
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