The infrastructure unit of the U.S. bank’s alternative asset management arm will control QScale following the deal, with the firm’s management team retaining a stake. (The Logic)

Talking point: Founded in January 2018, QScale is one of the upstart data-centre players trying to capitalize on the AI boom from Canada. The firm’s flagship Quebec City-area campus has a capacity of 142 megawatts, making it one of the country’s largest current compute facilities. The cloud arm of Hewlett Packard Enterprise is its anchor customer. As The Logic first reported, QScale wants to build its next data centre near Toronto, in a project that could cost up to $4 -billion. Goldman’s backing gives it the financial firepower to expand.