Six Samsung companies commit $1 billion to KKR-backed AI infrastructure firm Helix
Reuters reports Samsung Electronics will invest $500 million, with five affiliates providing the remaining $500 million. Helix focuses on data centers, power infrastructure and fiber networks.
TLDR
Samsung Global Newsroom says Samsung Electronics and five affiliates announced a combined $1 billion investment in Helix, an AI infrastructure company established by KKR. Reuters reports that Samsung Electronics will provide $500 million and the five affiliates will provide the rest. Samsung says the investment is intended to accelerate AI data center deployment.
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