US DFC Targets AI, Minerals in Expansion (1)

A US development-finance agency that’s on track for a tripling in funding aims to invest in data centers for artificial intelligence, as well as critical minerals and energy, according to a top official.

The US International Development Finance Corp. will focus on projects in Latin America, as well as wealthy nations like Canada and Australia that had been outside its remit, Conor Coleman, the DFC’s head of investments and chief of staff, said in an interview.

“You’re going to see us moving at a much faster pace heading into the new year,” Coleman said.

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