Sept 29 : KKR-backed US-based AI infrastructure company Helix Digital said on Tuesday that Samsung and its affiliates had committed a combined $1 billion to support the company's global AI infrastructure expansion.
Samsung Electronics will invest $500 million, while Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance, and Samsung Fire & Marine Insurance will provide the remaining $500 million.
Here are some details:
• Helix said the commitment builds on more than $10 billion of capital already committed to its strategy.
Guess WordCrack the word, one row at a timeBuzzwordCreate words using the given lettersMini SudokuTiny puzzle, mighty brain teaserMini CrosswordSmall grid, big challengeWord SearchSpot as many words as you can Show More Show Less• The company invests in, delivers, and manages AI-enabling infrastructure, including hyperscale data centers, power generation and transmission, and fiber and connectivity assets.
• Helix said it expects to use Nvidia technology, Samsung's technology, and Samsung's energy storage capabilities to accelerate the development and delivery of AI infrastructure.
• In a separate statement, Samsung said the investment would help accelerate the global rollout of AI data centers through Helix while creating opportunities for collaboration among participating Samsung affiliates.
• Helix said its anchor investors include KKR, the Kuwait Investment Authority, Nvidia, and others.