The three firms have set up a new joint venture, which will raise debt financing. The Canada Pension Plan Investment Board (CPP Investments) and GIC, a Singaporean sovereign wealth fund, each have a 37.5 per cent stake, while Equinix owns 25 per cent. (The Logic)
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The three firms have set up a new joint venture, which will raise debt financing. The Canada Pension Plan Investment Board (CPP Investments) and GIC, a Singaporean sovereign wealth fund, each have a 37.5 per cent stake, while Equinix owns 25 per cent. (The Logic)
Talking point: The firms said their new venture will meet growing demand for the processing power and infrastructure to train and run AI systems. Equinix is one of the largest data-centre operators in the world. Its clients include the biggest cloud service providers as well as telecom and financial-services firms. Equinix will use the funds to add 1.5 gigawatts of capacity in the U.S.; data-centre size is typically measured by power consumption. CPP Investments has recently grown its digital infrastructure portfolio, striking deals for data-centre operators in the Asia-Pacific region.
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