The aim in this initial round is to raise “hundreds of millions of dollars” with more rounds as the first project is scaled up, according to Philip Krim, chief executive officer of Montauk Capital, which incubated GridFree AI.
(Dec 30): Goldman Sachs Group Inc is co-leading financing for a Texas project to build private power campuses for artificial intelligence (AI).
The New York banking giant is working with real estate advisory Newmark Group Inc to raise both equity and credit for the project building modular natural gas-fired generation serving a cluster of south Dallas data centres, according to developer GridFree AI. Newmark has also been tapped as the exclusive marketer and adviser for the data hub, called South Dallas One.
