Blue Owl and Qatar’s QIA Set Up $3 Billion Data Center Venture

Blue Owl Capital Inc. and Qatar's sovereign wealth fund, the Qatar Investment Authority (QIA), have established a $3 billion venture to invest in data centers. This partnership reflects the QIA's growing interest in the thriving artificial intelligence (AI) industry. The joint venture will focus on acquiring, developing, and operating data centers globally, capitalizing on the increasing demand for digital infrastructure driven by the rise of AI and other emerging technologies. By combining Blue Owl's expertise in alternative asset management and the QIA's substantial financial resources, the venture aims to become a significant player in the rapidly expanding data center market. The partnership marks the QIA's latest strategic move to diversify its investment portfolio and capitalize on the transformative potential of AI and related technologies. This venture underscores the growing importance of data infrastructure in supporting the growth and advancement of AI-powered applications and services.