Equinix partnered with the Canada Pension Plan Investment Board (CPP) and Singapore's GIC Pte in a $15 billion joint venture. This collaboration aims to expand Equinix's data center operations through hyperscale facilities driven by artificial intelligence.

According to a Bloomberg report, the trio will acquire land for new developments under this collaboration, potentially adding over 1.5 gigawatts of capacity.

Equinix Teams Up with Global Investors

The newly formed joint venture aims to raise funds to develop data centers. Hyperscale facilities are crucial for hosting large-scale cloud computing services, with the rapid growth in AI-driven applications reportedly leading to increased demand for such centers.

In the joint venture, CPP and GIC will each hold a 37.5% stake, while Equinix will maintain a 25% share. This collaboration reportedly follows previous partnerships involving Equinix and large investors like GIC and PGIM to either develop or acquire data center facilities. Such partnerships help Equinix capital and expand its real estate assets without bearing all the risks or costs alone.