Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
TL;DR
- Samsung Electronics and its affiliates will invest a combined $1 billion in Helix Digital Infrastructure.
- Helix is an AI infrastructure company launched by KKR and backed by Nvidia.
- Samsung Electronics is contributing $500 million, with other Samsung affiliates providing the remainder.
- The investment supports Helix's goal to address competition in the AI infrastructure market through data center and power infrastructure development.
- This deal allows Samsung to utilize its affiliates' capabilities in semiconductors, cooling systems, data center construction, and batteries.
- Helix focuses on hyperscale data centers, power generation, transmission and distribution infrastructure, and fiber-optic networks.
- Adam Selipsky, former CEO of Amazon Web Services, leads Helix.
- KKR, Kuwait Investment Authority, Nvidia, and Vistra are founding investors in Helix.
- This investment is in addition to over $10 billion already committed to Helix.