Samsung, affiliates commit $1 billion to KKR-backed Helix Digital AI buildout

Sept 29 (Reuters) - KKR-backed ‌US-based AI ​infrastructure ​company Helix Digital said on Tuesday that Samsung and its ‌affiliates had committed a combined $1 billion to ⁠support the company's global AI infrastructure expansion.

Samsung Electronics ‌will invest $500 million, while ‌Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance, and Samsung Fire & Marine ​Insurance will provide the remaining $500 million.

Here are some details:

• Helix said the ⁠commitment builds on more than $10 billion of capital already committed ​to its strategy.

• The company invests in, delivers, and manages AI-enabling infrastructure, ​including hyperscale data centers, ‌power generation and transmission, and fiber and connectivity assets.

• Helix ⁠said it expects to use Nvidia technology, Samsung's technology, and Samsung's energy storage capabilities to ⁠accelerate the development and delivery of AI infrastructure.

• ​In a separate statement, Samsung said the investment would help accelerate the global rollout of AI ‌data centers through Helix while creating opportunities for collaboration among participating ‌Samsung affiliates.

• Helix said its anchor investors ⁠include KKR, the ‌Kuwait Investment ​Authority, Nvidia, and others.

(Reporting by Rudrannsh Mehra in Bengaluru; Editing by Rashmi ‌Aich)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Shares of fast-fashion platform Shein fall 4% after quarterly profit slides 67%
• Ex-White House election official leaves DOJ probe of Trump foes, sources say
• Explosions heard in Kyiv, Reuters witness says