Market Chatter: UAE Wealth Fund Eyes Investment in Japanese Data Center

MT Newswires Live

Aug 07

The United Arab Emirates sovereign wealth fund Mubadala Investment is eyeing an investment in a new data center coming up in Japan's northern city of Akita, Nikkei Asia reported Friday.

The data center, scheduled to commence operations in the early 2030s and with a maximum capacity of 500 megawatts, is expected to cost about 2 trillion yen, the report said.

U.S. AI startup Bitgrit and the Akita-based technology firm S2 are leading the project, it said.

Mubadala Investment did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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