Gates Foundation Invests Billions in Caterpillar, Boosting AI Infrastructure

The Gates Foundation Trust has disclosed a significant $3.6 billion stake in Caterpillar, a company whose power generation business is experiencing a boom due to increasing demand from data centers vital for AI infrastructure, leading to a 183% stock increase in a year.

7 May, 10:13 — 7 May, 10:13

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Times of IndiaMostly Factual13d ago

Bill Gates’ Gates Foundation discloses billions invested in lesser-known AI firm, up 183% in a year

The Gates Foundation Trust holds a significant $3.6 billion stake in Caterpillar, a company increasingly vital for AI infrastructure. Caterpillar's Power Generation business is booming due to data center demand, with its stock soaring 183% in a year. This investment comes as the foundation itself announces substantial job cuts, impacting 20% of its workforce.

By TOI TECH DESK

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Gates Foundation Invests Billions in Caterpillar, Boosting AI Infrastructure

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Bill Gates’ Gates Foundation discloses billions invested in lesser-known AI firm, up 183% in a year

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