KKR, Nvidia, and the Kuwait Investment Authority – KIA as well as Vistra, the power company, have teamed up to create a new organization, Helix Digital Infrastructure with $10bn capital so as to build AI infrastructure for hyperscalers.
The company is seeking to make the implementation of AI infrastructure easier by acting as a single provider when it comes to data centres, power generation, connectivity, and associated infrastructure.
Helix is going to meet the increasing demand from hyperscalers as the increase in investment across the digital infrastructure is driven through AI workloads.
Helix Digital Infrastructure with $10bn will be led by Adam Selipsky, who was the former Amazon Web Services CEO. Selipsky will lead as CEO while KKR Global Head of Digital Infrastructure Waldemar Szlezak will join as chief investment officer.
The company said it planned to invest in transmission infrastructure, fibre networks, and hyperscale data centres as well as power generation. Nvidia will be a strategic technology partner to assist with deployments built on its AI factory architecture, and Vistra will be the chosen power supplier for Helix.
KKR said the launch comes as AI happens to be driving one of the largest infrastructure constructions in history, with the need for data centres and electricity rising exponentially. Industry estimates say that trillions of dollars will be needed worldwide in the next decade in order to support AI-related infrastructure.
According to Helix, it will provide hyperscalers a more uniform approach to infrastructure installation, reducing the complexity of engaging with multiple vendors throughout power and connectivity as well as data centre construction.
As per the CEO of Nvidia, Jensen Huang, the demand for AI infrastructure is continuing to rise rapidly as cloud providers compete to boost AI capacity.
Notably, the company is supported by KKR’s infrastructure platform, which holds over US$100 billion in infrastructure assets worldwide. Following the first round of funding, Helix remarked that it is accessible to more institutional investors.