Coatue, one of the biggest names in venture capital and hedge funds, has a new plan to generate bigger returns on AI beyond its sizable stakes in Anthropic , OpenAI, xAI, and data center companies like Singapore’s DayOne and CoreWeave . It has launched a venture called Next Frontier to buy up land near large power sources with the goal of turning those parcels into data centers, the Wall Street Journal reports . Sources tell the WSJ that Next Frontier has already signed a joint venture wi…
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