Investment manager I Squared Capital has acquired 10 data centre facilities from Cogent Fiber for $225 million. This move signals a significant investment in AI infrastructure. I Squared Capital plans to inject an additional $1 billion for upgrades and expansions. The deal focuses on data centres closer to end-users, crucial for AI inference.

May 26 : Investment manager I Squared Capital on Tuesday said that it has bought 10 data center facilities from Cogent Fiber for $225 million in cash, marking its latest bet on AI…

Investment manager I Squared Capital has acquired 10 data centre facilities from Cogent Fiber for $225 million. This move signals a significant investment in AI infrastructure. I…