KKR & Co. Inc. and Energy Capital Partners Management LP (ECP) said they will invest $50 billion in data centers and energy-generating projects needed for the development of artificial intelligence, the Wall Street Journal reported on Wednesday. The firms said they are working with big tech companies on their energy needs.
ECP founder and senior partner Doug Kimmelman told the WSJ that one of the big "bottlenecks" in AI development is electricity availability, adding that natural gas will be "at the forefront" of energy generation as the United States moves toward renewable energy. KKR and ECP said a large part of their investment will be spent over the next four years.
