Coatue has a plan to buy up land for data centers, possibly for Anthropic
Coatue, a major venture capital and hedge fund firm, has launched a new venture called Next Frontier to acquire land near large power sources for developing data centers, according to the Wall Street Journal. The initiative may support AI companies like Anthropic, with which Coatue is already closely linked through investments. Next Frontier has reportedly entered a joint venture with cloud infrastructure startup FluidStack, which has a $50 billion agreement to build data centers for Anthropic.
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In Brief Posted: 11:23 AM PDT · May 1, 2026 Image Credits:TechCrunch / AI generated Julie Bort Coatue has a plan to buy up land for data centers, possibly for Anthropic 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 with FluidStack, a cloud infrastructure startup that penned a $50 billion deal to build data centers for Anthropic.
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