Coatue plans land grabs for data centers with power deals tied to AI rivals

A new venture targets power-rich land for AI workloads

Coatue, a major venture capital firm, is reportedly pushing into a land-buying venture aimed at securing sites for data centers near major power sources. The strategy could position the firm to support large-scale AI infrastructure, with speculation that the effort may be linked to Anthropic’s growing compute needs. The move highlights how energy access is becoming a key bottleneck for AI expansion.