Home / Business and Economy / Samsung Backs AI Infra Giant Helix With $1B
Samsung Backs AI Infra Giant Helix With $1B
29 Sep
Summary
- Samsung Electronics and affiliates invest $1 billion in Helix Digital Infrastructure.
- Helix focuses on AI infrastructure, including data centers and power.
- Nvidia, KKR, and Kuwait Investment Authority are also founding investors.
Samsung Electronics and its affiliates have committed $1 billion to Helix Digital Infrastructure, a company specializing in artificial intelligence infrastructure. Samsung Electronics is contributing $500 million, with other Samsung entities providing the remainder. This investment aims to address the escalating competition within the AI infrastructure market.
Hue, launched in June and led by former Amazon Web Services CEO Adam Selipsky, focuses on crucial AI support systems. These include hyperscale data centers, robust power generation and transmission, and advanced fiber-optic networks. The company seeks to secure both data center capacity and the necessary power infrastructure.
Founding investors in Helix also include KKR, the Kuwait Investment Authority, Nvidia, and U.S. power company Vistra. This collective backing signifies a significant push towards developing the foundational elements required for widespread AI adoption and deployment. Samsung's investment will accelerate global AI data center rollouts.
