Macquarie Group to Invest Up to $5 Billion in Applied Digital's AI Data Centers

Macquarie Group, an Australian investment bank, has committed to invest up to $5 billion in Applied Digital's AI data centers. This investment is part of a broader trend in the financial sector, as firms increasingly allocate capital towards artificial intelligence infrastructure. The announcement comes amid a surge in demand for data center capacity, driven by the growing adoption of AI technologies. Other companies, such as Aligned Data Centers, are also raising substantial funds, with reports indicating they secured over $12 billion to enhance their AI compute capabilities. This investment by Macquarie underscores the ongoing frenzy in the AI sector as firms seek to capitalize on emerging technologies.