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The Economic Times
The Economic Times
Technology

I Squared bets on AI inference with $225 million data centre buy from Cogent

I Squared I Squared Capital United States

Investment manager I Squared Capital on Tuesday ​said that it has ​bought 10 data centre facilities from ​Cogent Fiber for $225 million in cash, marking its latest bet on AI infrastructure.

I Squared said it plans to use the assets ‌as ⁠a "seed" for ⁠a new US data centre operating platform, committing a further $1 ​billion for upgrades, expansions and acquisitions.

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