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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<\/a>, OpenAI,<\/a> xAI, and data center companies like Singapore\u2019s DayOne and CoreWeave<\/a>.<\/p>\n 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<\/a>. 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<\/a> to build data centers for Anthropic. (Coatue did not respond to a request for comment.)<\/p>\n Although the US already has 3,000 data centers, more than 1,500 new ones are in various stages of being built, according to Pew Research<\/a>, most of them in rural areas. The frenzy is enticing land speculation and data center financing projects from lots of players, ranging from Blackstone<\/a> to Shark Tank\u2019s Kevin O\u2019Leary.<\/a><\/p>\n .<\/p>\n<\/div>\n