Singapore’s Keppel said on Thursday it aims to more than double its data centre funds under management, as the firm tries to tap into artificial intelligence frenzy, driving investment into digital infrastructure.
Keppel said it aims to more than double its data centre FUM, from the current S$9 billion ($6.80 billion) to S$19 billion in the near-term.
The growing adoption of artificial intelligence by firms to streamline operations has led to hike in demand for digital infrastructure required to support the development of AI technologies.
“Amidst rapid digitalisation, Keppel is well-positioned to meet the rising demand for AI-ready data centres from hyperscalers, with a premier portfolio of 35 data centres across Asia Pacific and Europe,” CEO Loh Chin Hua said in a statement.
Keppel also aims to expand their data centre portfolio to 1.2 gigawatt gross power capacity in the near term from current 650 megawatt capacity.
Separately, the global asset manager reported a largely unchanged underlying net profit for the nine months ended Sept. 30 compared with last year.
($1 = 1.3227 Singapore dollars)
Reuters
