KKR launches $10 billion AI infrastructure company with Nvidia, Vistra
The new company will fund AI infrastructure as data-center construction strains power supply and raises project costs, KKR said.
- On Thursday, a KKR-led group launched Helix Digital Infrastructure with more than $10 billion in committed capital to finance AI infrastructure, led by former Amazon Web Services CEO Adam Selipsky and backed by The Kuwait Investment Authority, Nvidia, and Vistra.
- A surge in U.S. data-center construction has strained power supplies and sparked shortages of electronics components, slowing development of facilities key to Big Tech's AI ambitions and driving private equity funding.
- Nvidia will assist with AI data-center design while Vistra serves as the preferred power provider. Selipsky said, "Large users of digital infrastructure have an urgent need to reduce complexity and unlock new capacity."
- Apollo and Blackstone announced on Tuesday they would finance a $35 billion expansion of AI capacity for Anthropic using Broadcom's custom chips as part of a new strategic partnership.
- KKR's infrastructure platform manages over $100 billion in assets, including more than $70 billion across digital and power sectors, positioning Helix to attract additional institutional investors after founding commitments close.
17 Articles
17 Articles
Can KKR Outmaneuver One of the Biggest AI Infrastructure Bottlenecks?
If you had told a Silicon Valley venture capitalist five years ago that the future of artificial intelligence would depend on a Texas coal-and-nuclear utility, a sovereign wealth fund from the Persian Gulf, and the world’s most dominant microchip monopoly sitting around the same table, they would have laughed. But that is precisely the unusual syndicate behind Helix Digital Infrastructure. Launched Thursday by KKR, Helix is backed by $10 billion…
Helix will aim to invest in and manage AI-related assets, including the development and operation of hyperscale data centers, power generation, and fiber and connectivity infrastructure.
Former AWS CEO Adam Selipsky to lead new $10B AI data center venture
Adam Selipsky is now CEO of Helix Digital Infrastructure. (GeekWire photo) Former Amazon Web Services CEO Adam Selipsky is returning to the world of cloud infrastructure as co-founder and CEO of Helix Digital Infrastructure, a newly-launched company backed by more than $10 billion. The company was unveiled Thursday by investment firm KKR, which is partnering with Nvidia, power producer Vistra, and the Kuwait Investment Authority to build infrast…
Kuwait joins AI infrastructure race with $10B venture
Kuwait’s sovereign wealth fund is backing a new $10 billion AI infrastructure venture alongside KKR, Nvidia, and power company Vistra, the latest sign that Gulf investors are undeterred by the war in deploying capital globally. The new company, Helix Digital Infrastructure, will be led by former AWS chief Adam Selipsky and aims to build and finance the data centers, power generation plants, transmission networks, and fiber links needed by hypers…
KKR partners KIA, NVIDIA and Vistra to launch $10B AI fund
KKR, together with the Kuwait Investment Authority (KIA), NVIDIA and Vistra, announced Thursday the launch of a $10 billion fund to finance and deliver the next generation of artficial intelligence (AI) infrastructure. KRR said in a statement that the parties have launched Helix Digital Infrastructure (Helix), a new company designed to deliver integrated infrastructure at the speed and scale required for hyperscalers to meet accelerating AI dema…
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