pakistan
I Squared bets on AI inference with $225 million data center buy from Cogent
Key takeaways
- Add ARY News on Google AAResize 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 infrastructure.
- I Squared said it plans to use the assets as a “seed” for a new U.S. data center operating platform, committing a further $1 billion for upgrades, expansions and acquisitions.
- The deal, spanning nine locations, underscores the shift from large, centralized data centers used for model training to those deployed closer to end-users for AI inference.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize 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 infrastructure.
I Squared said it plans to use the assets as a “seed” for a new U.S. data center operating platform, committing a further $1 billion for upgrades, expansions and acquisitions.
The deal, spanning nine locations, underscores the shift from large, centralized data centers used for model training to those deployed closer to end-users for AI inference.
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