Ares Allocates $2.4 Billion to Expand AI-Linked Data Centers
Ares Management has committed $2.4 billion to expand AI-linked data center capacity in US markets, targeting 200 MW of new power infrastructure. Executives outlined the initiative and reaffirmed asset management strategies at the Bank of America Financial Services Conference without offering new earnings guidance.
1. AI-Linked Data Center Expansion
Ares Management has committed $2.4 billion to expand AI-linked data centers in US markets, aiming to add 200 MW of power capacity by 2028 in facilities optimized for high-performance computing workloads.
2. Bank of America Conference Presentation
Executives presented at the Bank of America Financial Services Conference, detailing the data center strategy, reaffirming fee-related earnings growth targets, and offering no new financial guidance during the discussion.
Related News
MWC
Micware Co. Soars 51.5% in IPO Debut, Raises $22.8M
MWC•
VBCG
Vanguard’s BondBuilder ETFs Gather $242M in Two Months with 0.08% Fees
VBCG•
NVDA
Nvidia Raises Dividend to $0.25, Launches $80B Buyback after $91B Forecast
NVDA•
SATS
SpaceX Sets $1.75 Trillion Valuation, Values EchoStar Shares at $42.40 in IPO Filing
SATS•
GOOGL
Google Plans Own Inference Chips as Nvidia Forecasts $91B Revenue, $80B Buyback
GOOGL•
Sources
FS