(Reuters) -Apollo said on Wednesday that funds managed by it had agreed to buy a majority interest in Stream Data Centers (SDC), as part of a bet on rising demand for digital infrastructure fueled by artificial intelligence and cloud computing.
“With Apollo’s backing, SDC is positioned to execute on a multi-gigawatt pipeline, while enabling Apollo Funds and affiliates to potentially deploy billions of dollars into next-generation digital infrastructure,” the company said in a statement.
(Reporting by Manya Saini in Bengaluru)
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