<div class=newsTextDataWrapInner><p data-qa-component="item-headline">BENGALURU (Sept 29): KKR-backed US-based AI infrastructure company Helix Digital said on Tuesday that Samsung and its affiliates had committed a combined US$1 billion to support the company's global AI infrastructure expansion.</p></div>

<div class=newsTextDataWrapInner><p>Samsung Electronics will invest US$500 million, while Samsung C&amp;T, Samsung SDS, Samsung SDI, Samsung Life Insurance, and Samsung Fire &amp; Marine Insurance will provide the remaining US$500 million.</p></div>

<div class=newsTextDataWrapInner><p>Helix said the commitment builds on more than US$10 billion of capital already committed to its strategy.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company invests in, delivers, and manages AI-enabling infrastructure, including hyperscale data centres, power generation and transmission, and fiber and connectivity assets.</p></div>

<div class=newsTextDataWrapInner><p>Helix said it expects to use Nvidia technology, Samsung's technology, and Samsung's energy storage capabilities to accelerate the development and delivery of AI infrastructure.</p></div>

<div class=newsTextDataWrapInner><p>In a separate statement, Samsung said the investment would help accelerate the global rollout of AI data centres through Helix while creating opportunities for collaboration among participating Samsung affiliates.</p></div>

<div class=newsTextDataWrapInner><p>Helix said its anchor investors include KKR, the Kuwait Investment Authority, Nvidia, and others.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


BENGALURU (Sept 29): KKR-backed US-based AI infrastructure company Helix Digital said on Tuesday that Samsung and its affiliates had committed a combined US$1 billion to support the company's global AI infrastructure expansion.

Samsung, affiliates commit US$1 bil to KKR-backed Helix Digital AI buildout

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<p>Mohd Zaid Abdul Jalil, a former chief executive officer of Felda Investment Corp Sdn Bhd (FIC), has been charged with two counts of cheating the board of the state-owned company. &nbsp;</p>


<p>SINGAPORE (Sept 29): Oil prices and bond yields were higher in an uncomfortable combination for Asian equities on Tuesday, as investors braced for an interest rate hike in Australia and an era where short term borrowing costs settle at their highest for years.</p>


<p>KUALA LUMPUR (Sept 29): Trading in the shares of integrated high-precision engineering and manufacturing firm UMS Integration Ltd (KL:UMSINT) was suspended on Tuesday pending an announcement.</p>


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<p>KUALA LUMPUR (Sept 29): Malaysia’s semiconductor companies could see their future earnings growth constrained by a shortage of skilled talent, according to MBSB Investment Bank.</p>


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<p>(Sept 29):&nbsp;A year after Goldman Sachs Group Inc’s board offered John Waldron US$80 million to stay for the top job, it’s moving to ensure he doesn’t wait too long.</p>


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<p>A US import ban on a select number of Canadian products is set to take effect at 12.01am Washington time, marking the latest escalation in the trade war between the two countries.&nbsp;</p>


<p>BENGALURU (Sept 28):&nbsp;The Canada Energy Regulator on Monday approved Trans Mountain's negotiated tolls settlement, finding the tolls just and reasonable and setting a new framework for tariffs and transportation services on the pipeline system.</p>
