Kuwait Investment Authority has joined a KKR-led group, alongside Nvidia and US power company Vistra, to launch Helix Digital Infrastructure, a new platform backed by more than $10 billion in committed capital to build and operate infrastructure for artificial intelligence.
The new company is being positioned to meet surging demand for AI data centres, power supply, connectivity and other critical assets required by hyperscalers and large technology companies. As artificial intelligence adoption accelerates globally, the need for reliable computing capacity and energy infrastructure has become one of the biggest investment themes in the technology sector.
Helix Digital Infrastructure will focus on developing and operating hyperscale data centres, power generation solutions, transmission and distribution infrastructure, fibre networks and connectivity assets. Nvidia is expected to contribute its expertise in AI data-centre design, while Vistra will serve as the preferred power provider for the platform.
The company will be led by Adam Selipsky, the former chief executive of Amazon Web Services, who stepped down from the cloud business in 2024. KKR’s Waldemar Szlezak, Global Head of Digital Infrastructure, will serve as Helix’s Chief Investment Officer.
The participation of Kuwait Investment Authority reflects the growing appetite of sovereign wealth funds for exposure to AI-linked infrastructure. Rather than investing only in software or chip companies, major institutional investors are increasingly targeting the physical backbone of AI: data centres, electricity supply, cooling systems, fibre connectivity and grid capacity.
For KKR, the launch of Helix strengthens its position in digital and power infrastructure. The firm’s infrastructure platform manages more than $100 billion in assets, including more than $70 billion across digital and power-related investments.
The move also comes at a time when the rapid buildout of AI data centres in the United States has created pressure on power supply and equipment availability. As demand rises, private capital firms are stepping in to finance large-scale infrastructure projects that technology companies need to expand AI services. Reuters reported that Apollo and Blackstone recently announced plans to finance a $35 billion AI capacity expansion for Anthropic in partnership with Broadcom.
Helix is expected to target large-scale cloud and AI customers seeking faster access to integrated infrastructure. Its model brings together capital, data-centre development, energy sourcing and technology expertise under one platform.
The launch underlines a wider global shift: AI is no longer only a software or semiconductor story. It is becoming an infrastructure race, with governments, sovereign funds, utilities, chipmakers and private equity firms competing to secure the assets required to power the next phase of digital growth.
