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Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers Announce Next Phase of $5 Billion Joint Venture Development Partnership

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CHESTERFIELD, Va., May 27, 2025 /PRNewswire/ — Blue Owl Capital managed funds (“Blue Owl”), Chirisa Technology Parks (“CTP”), and PowerHouse Data Centers (“PowerHouse”) today announced the closing of a $750 million transaction in their landmark joint venture development partnership.  The partnership was launched in August 2024, with capacity to deploy up to $5 billion of capital for turnkey AI/HPC data center developments supporting CoreWeave and other hyperscale and enterprise data center customers.

Construction under the program at CTP’s 350-acre campus in Chesterfield, VA started in 2024 for an initial 120MW of new critical facilities, with delivery scheduled in 2025 and 2026. The new facilities are cornerstone developments in CoreWeave’s rapidly scaling infrastructure footprint. CoreWeave is one of the fastest-growing cloud infrastructure providers for AI workloads.

The CTP campus features cutting-edge design standards, purpose-built to support dense GPU clusters and other advanced computing technologies required for large-scale artificial intelligence customers.  The campus integrates CTP’s proprietary ‘direct-on-chip’ liquid cooling design, which is almost twice as energy efficient as traditional air-cooled systems. This innovative cooling solution reduces energy consumption and underpins  environmentally responsible hyperscale data center operations.  CTP and PowerHouse are committed to delivering high-performance infrastructure that aligns with sustainability goals.   

“This next stage of the partnership between Blue Owl, CTP and PowerHouse represents another groundbreaking transaction focused on rapidly delivering large scale capacity for the AI ecosystem” said Lee Hayes, President & CEO of CTP.

Doug Fleit, CEO and Co-founder of PowerHouse, continued, “This closing underscores our partnership’s continuum and commitment to building scalable, sustainable, and high-performance digital campuses that support the deployment of AI infrastructure.”

Located in Chesterfield, VA, the campus facility offers robust access to power, fiber, and a favorable regulatory environment. The project emphasizes sustainability and innovation, integrating advanced cooling systems, high-density compute design, and long-term power procurement strategies aligned with renewable energy goals.

“This is another pivotal milestone in our $5 billion strategic partnership with CTP and PowerHouse,” said Marc Zahr, Global Head of Real Assets at Blue Owl. “With the closing of this second $750 million tranche, we’re delivering on our vision to create foundational infrastructure for the next generation of AI-native cloud companies like CoreWeave.”

The venture combines PowerHouse and CTP’s deep expertise in development, construction and operations, and Blue Owl’s financial strength. Together, the consortium is well- positioned to support hyperscale deployments with unmatched speed, efficiency, and scale.

About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $273 billion in assets under management as of March 31, 2025, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com

About Chirisa Technology Parks
Chirisa Technology Parks is focused on the rapid delivery of high performance, leading-edge facilities to support hyperscale, HPC and AI customers across North America and Europe. With over 25 years of experience in Digital Infrastructure, CTP and its predecessors have developed, owned, and operated over 40 data center assets focused on large scale enterprise and hyperscale deployments. CTP currently offers over 500,000 SF of purpose-built data center capacity, with a pipeline in excess of 1.6 GW under development in the USA. CTP’s bespoke designs and rapid delivery process are focused on high-efficiency, leading-edge deployments. CTP has broad capability to partner and/ or operate critical facilities, offering a strong track record in build-to-suit hyperscale powered shells, HPC and AI-focused high-density deployments, turnkey data center solutions for Cloud customers, and bespoke edge deployments in major metropolitan areas. CTP is dedicated to delivering high technology campuses with a positive impact on the communities and environment in which it operates.

About PowerHouse Data Centers
PowerHouse Data Centers, fully owned and operated by American Real Estate Partners (AREP), is a pioneering developer and owner of next-generation data centers, providing sophisticated real estate solutions for hyperscalers that meet their market, data, utility, and space demands. Founded in 2021 with a primary focus on Northern Virginia, the world’s largest data center market, PowerHouse has  strategically expanded into key markets across the United States. Today, PowerHouse is an established leader in world-class data center development with 86 data centers underway or in planning, representing more than 24 million square feet and 6.1 GW in six major markets. PowerHouse owns its land sites, offering flexible next-generation data center models, with unparalleled speed-to-market. As disruptors setting new industry standards, PowerHouse leverages proven leadership, technical expertise, and strategic partnerships to drive innovation. Drawing from valuable real estate and industry relationships, PowerHouse adeptly identifies and transforms land sites, delivering state-of-the-art BTS, powered shell, and full turnkey deployments at scale. PowerHouse’s full suite of development services integrates asset strategy, fast-track approvals, infrastructure, on-site power procurement, and sustainable building practices into every project. Visit our newsroom for more information, and follow us on LinkedIn, YouTube, and X.

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SOURCE Chirisa Piscataway Inc.

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Pepperstone Appoints Andrew Turnbull to Lead Africa Strategy as Trading Markets Mature

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Nairobi-based appointment strengthens Pepperstone’s investment in Africa as mobile trading grows and regulators across the continent raise standards.

MELBOURNE, Australia, Sept. 1, 2026 /PRNewswire/ — Pepperstone, a global online trading provider serving clients in more than 160 countries, has appointed Andrew Turnbull as Head of Africa, strengthening its focus on one of the world’s fastest-evolving online trading regions. Based in Nairobi, Turnbull will lead Pepperstone’s strategy across the continent as traders increasingly turn to mobile-first platforms and regulators move to strengthen oversight of the sector.

Turnbull brings more than 20 years of experience in financial services, including senior roles at ODL Securities and FXCM Europe, where he led institutional sales and partnerships. His experience spans regulated FX and CFD markets, institutional relationships and business development across international markets.

The appointment also comes as Pepperstone invests in owning more of its technology, giving the business greater control over the trading experience and allowing it to respond more closely to the different needs of clients across individual markets.

“Africa is dozens of distinct regulatory environments and trader profiles,” said Marc Boever, Head of EMEA at Pepperstone. “That is why we are putting more resources on the ground and investing in people who understand the region. Andrew’s experience across regulated financial services and institutional partnerships, combined with his growing first-hand understanding of markets like Kenya, makes him the right person to lead our growth across the continent.”

Kenya, where Pepperstone is licensed under the Capital Markets Authority (CMA)*, was one of the first African countries to introduce a formal regulatory framework for online forex trading. That early move has helped create a more mature market, with regulated, licensed brokers increasingly trusted by traders, while Kenya’s experience offers a model for other African regulators looking to bring greater oversight to the sector.

“Kenya’s traders were among the first in Africa to get a properly regulated market to trade in, and that head start shows,” said Andrew Turnbull, Head of Africa at Pepperstone. “There is a growing appetite for online trading across the continent, but every market is different. I’m looking forward to building on Pepperstone’s presence here and working with our teams and partners to better understand and serve the different trading communities across Africa.” 

Ends

* Pepperstone Markets Kenya Limited is licensed and regulated by Kenya’s Capital Markets Authority under licence number 128.

About Pepperstone: Pepperstone is a global fintech and CFD broker serving traders in more than 160 countries. The company provides access to forex, indices, commodities, shares, ETFs and digital asset markets through industry-leading platforms, competitive pricing and a strong regulatory framework.

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Cherubic Ventures Closes $68.88 Million Fund VI as AUM Surpasses $500 Million

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Early Investment Sudo AI Valued at Nearly $2B

TAIPEI, Sept. 1, 2026 /PRNewswire/ — Cherubic Ventures today announced the close of its sixth fund (Fund VI) at $68.88 million. The fund size reflects the auspicious meaning of the number eight in East Asian cultures, where it is traditionally associated with prosperity and good fortune. With this close, assets under management across the firm’s six funds have surpassed US$500 million.

Investors across all six funds include leading global institutional investors and foundations, as well as publicly listed companies, family offices, successful entrepreneurs and high-net-worth individuals.

Fund VI maintains the firm’s early-stage focus, investing in AI-native companies across infrastructure, developer tools, enterprise software, healthcare, physical AI and robotics. Sudo AI, a robotics startup in the portfolio, has reached a valuation of nearly $2 billion two years after its founding, joining the ranks of unicorns.

“After ten years, I am more certain than ever about why I chose to invest at the earliest stages,” said Matt Cheng, Founder & Solo GP of Cherubic Ventures. “Working alongside exceptional founders, finding a path through uncertainty, and ultimately changing an industry is what keeps driving me.”

Investing Across AI, From Infrastructure to Industry Applications

As AI reshapes industries, Cherubic Ventures continues to look for founders using the technology to build new products and redefine markets. Since 2024, the firm’s AI-native investments have spanned infrastructure, developer tools, enterprise software, healthcare, physical AI and robotics.

In robotics, Sudo AI was co-founded by Hao Su, a leading researcher in embodied AI and 3D vision and co-author of PointNet, and serial entrepreneur Robin Han. Its sudo R1 robotic system is trained through virtual simulation and can reliably handle objects it has never encountered without relying on real-world manipulation data. This addresses a key bottleneck to deploying robotics at scale. Cherubic Ventures was its earliest institutional investor.

Cherubic Ventures is also an early investor in Entire, the developer platform founded by former GitHub CEO Thomas Dohmke. The company raised US$60 million earlier this year, the largest seed round ever for a developer tools startup.

While Fund VI is still at an early stage, its portfolio companies have already raised more than $500 million in subsequent funding. Other notable investments include AI-powered patent technology platform Patlytics, along with healthcare and drug development companies Max AI, Generation Lab and therapiAI.

A Decade Alongside Founders, Supporting the Next Generation

Founded in 2015, Cherubic Ventures was among the first venture firms in the world to adopt the solo GP model. It has invested in more than 200 companies globally, with early investments including Hims & Hers, Flexport, Calm, Paidy, 91APP and Astranis

Across its portfolio, Cherubic Ventures has been the earliest institutional investors in dozens of companies that went on to become unicorns. Hims & Hers is listed on the New York Stock Exchange and 91APP on the Taipei Exchange, while Paidy was acquired by PayPal for US$2.7 billion.

Fund VI marks the beginning of Cherubic Ventures’ second decade. “The past ten years have made me more certain that believing in founders before the answers are clear, and backing them through uncertainty, is at the heart of early-stage investing,” Cheng said. “In the next decade, we will continue to ‘Stay Early’ and work with the most exceptional founders to build the future we want to see.”

About Cherubic Ventures
Founded in 2015, Cherubic Ventures is a global early-stage venture capital firm that started in Taipei and has built a strong presence in the U.S. market. The firm backs outstanding founders from day one and was among the first venture firms in the world to adopt the solo GP model. Notable investments include Hims & Hers, Calm, Flexport, 91APP, Paidy, Formation Bio and Astranis. To date, Cherubic Ventures has invested in more than 200 startups and brings together more than 500 founders and investors in a distinctive global community.

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SOURCE Cherubic Ventures

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Agentic AI Has Arrived. Is Your Workforce Ready to Leverage It?

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Enterprises are deploying AI agents faster than they are building the certified talent to run them. Closing that gap is now the real differentiator.

Authored by, Vikas Mathur, Vice President, Trainocate India

MUMBAI, India, Sept. 1, 2026 /PRNewswire/ — Across the enterprise programs we run every week at Trainocate, the conversation has changed. A year ago, leaders asked us what generative AI could do. Today they ask why their agentic pilot has not reached production. Agentic AI has arrived — the question is no longer whether it works, but whether the workforce is ready to leverage it.

The platforms have done their part. AWS, Microsoft, Google Cloud, Databricks and others have moved agent frameworks, orchestration layers and governance tooling into general availability. What has not kept pace is the workforce. Adoption forecasts keep climbing; the cancellation forecasts climb with them, and for reasons that have little to do with the models themselves.

40%+

of agentic AI projects are forecast to be scrapped by the end of 2027 — on escalating cost, unclear business value and inadequate risk controls.

Source: Gartner

Our own view, formed across thousands of enterprise learners, is simpler than any forecast: Technology is not the constraint. The certified, deployment-ready workforce is.

India’s AI Talent Equation: One Million Roles, One in Six Skilled

India has the demand and the ambition. The constraint is supply. Estimates put the national AI talent pool at 1.25 million by 2027 — real growth, but well short of a market compounding at 25–35% a year. On current trajectories the gap widens before it closes.

We see the consequence directly in client conversations. Skills mismatch, not headcount, is what delays deployment — and on most enterprise shortlists, demonstrable and certified capability now outranks the degree.

Figure: The agentic readiness gap — adoption is outpacing certified capability.

From Prompt Engineering to Agent Orchestration: Three Capability Shifts

From operator to orchestrator. Every prior automation wave asked people to use a tool. Agentic AI asks them to direct one. The working skill is decomposition — mapping a process into the steps an agent may own, the tool-calling boundaries it must respect and the human-in-the-loop checkpoints between them. That is delegation and process design before it is programming, which makes it teachable well beyond the engineering bench.

From reviewing output to governing outcomes. When AI drafts an email, a human reads it before it goes. When an agent provisions infrastructure or triggers a payment, reading it afterwards is too late. Enterprises need people fluent in least-privilege identity, data lineage and governance, evaluation harnesses, escalation thresholds, observability and cost control. In our experience, this is where most agentic programs are thinnest.

From individual courses to cross-functional readiness. One production agentic workflow touches data engineering, application development, identity and security, LLMOps and the business function it serves. Certifying one persona while the rest stand still guarantees the pilot dies at handover. The unit of skilling must become the team.

What we see

Agentic pilots rarely stall on model quality. They stall because too few people can scope what an agent may own, design its guardrails, and stay accountable when it acts alone.

Trainocate enterprise delivery experience

Why Vendor-Authorized Certification Is the New Deployment Prerequisite

Credentials are often said to date quickly in a field moving this fast. We find the opposite. Agentic concepts are universal; implementation is not. Identity and access design, data governance, retrieval and grounding, model selection, evaluation and cost management behave differently on AWS, Microsoft Azure, Google Cloud and Databricks — and those differences decide whether an agent survives production.

Vendor-authorized certification remains the only independently verifiable proof that an engineer can build and operate on a given stack. Foundational credentials also give HR, finance, risk and procurement a shared vocabulary with engineering — and agentic decisions are risk decisions as much as technical ones.

2 in 5

Employers now prefer demonstrable AI skills and certifications over academic degrees. Skills-based hiring is no longer emerging — it is the default.

Source: NASSCOM–Indeed India AI Talent Report, 2026

Experiential Learning: Turning Training Investment into Production Capability

Nobody learns to supervise an autonomous system from a slide. Trainocate’s Experiential Learning Model was built on that premise — one continuous journey rather than a catalog of courses:

Learn from practitioners. Instructor-led and virtual instructor-led training delivered by vendor-authorized, actively certified instructors.Reinforce on demand. Self-paced digital learning and curated learning paths that keep pace with quarterly platform releases.Build in live environments. Hands-on labs in real cloud sandboxes — agents, tool-calling, guardrails and failure modes, not screenshots.Prove it on real work. Capstone projects mapped to the organization’s own agentic and cloud use cases.Certify the capability. Structured exam preparation and readiness checks that convert learning into a verifiable credential.Measure the outcome. Governance dashboards tracking completion, certification attainment and skill progression for L&D and business sponsors.

That model now runs through our AI Mastery Program, which spans foundational to advanced tracks for both business and technical roles across AWS, Microsoft, Google Cloud, Databricks and vendor-neutral content — with agentic system design, multi-agent orchestration and AI governance sitting in the advanced tiers, and sandbox labs and industry capstones throughout.

The results hold up: Close to 80% certification attainment across enterprise programs and a 4.90/5.00 delivery CSAT. As an authorized training partner for AWS, Microsoft, Google Cloud, Databricks and more, operating across 24 countries, we have run this model at scale — over one lakh professionals certified within a single global enterprise account, and agentic AI labs delivered across six Indian cities this year. Four consecutive AWS Global Training Partner of the Year awards and six appearances on the Training Industry Top 20 suggest the model travels.

30%

of enterprise application software revenue will be driven by agentic AI by 2035 — up from 2% in 2025.

Source: Gartner

A Twelve-Month Skilling Blueprint for CHROs and L&D Leaders

Assess against use cases, not catalogs. Benchmark capability against the specific agentic workflows the business intends to run.Build a spine, not a stack. Foundational AI and cloud fluency organization-wide; certified specialization for those who will design, secure and govern agents.Skill the workflow, not the individual. Move cross-functional cohorts together — data, application, security, business — so nothing stalls at handover.Instrument on outcomes. Track certification attainment, time-to-productivity and pilot-to-production conversion. Seat-hours measure activity, not readiness.

Two Budget Cycles: The Window for Workforce Readiness

15%

of day-to-day work decisions will be made autonomously by 2028 — up from effectively zero in 2024.

Source: Gartner

That is not a distant horizon. It is two budget cycles away.

Models are becoming a commodity; every enterprise buys them at roughly the same price. The durable differentiator is the depth of certified talent that can point those models at the right problems and stay accountable for what they do. Treat skilling as infrastructure — continuous, measured, certified — and your agents scale. Treat it as an event and the pilot stays a pilot.

Agentic AI has arrived. The question every board should be asking is whether its workforce is ready to leverage it.

Build a Certified, Agent-Ready Workforce

Trainocate partners with enterprises to build agentic AI and cloud capability at scale — from foundational fluency to certified specialization across AWS, Microsoft, Google Cloud, Databricks and more, delivered through our Experiential Learning Model and AI Mastery Program. To design a skilling roadmap for your workforce, write to cloudacademy@trainocate.com or call +91 9223361686.

About Trainocate

Trainocate is a global IT training and workforce skilling organization and an authorized training partner for AWS, Microsoft, Google Cloud, Databricks and more, operating across 24 countries. Trainocate delivers cloud, data and AI capability to enterprises through its Experiential Learning Model and AI Mastery Program, combining instructor-led training, self-paced digital learning, hands-on sandbox labs, industry capstones and vendor-authorized certification. The company is a four-time consecutive AWS Global Training Partner of the Year and has appeared six times on the Training Industry Top 20. Trainocate India operates as Networks India Pvt Ltd. For more information, visit www.trainocate.com/in.

About the Author

Vikas Mathur is Vice President at Trainocate India, where he leads the Cloud, Data & AI competency business. He works with enterprise L&D and technology leaders across India and Asia on cloud and AI workforce readiness, and can be reached at cloudacademy@trainocate.com or +91 9223361686.

Data sources referenced: Gartner (agentic AI adoption, project cancellation, governance maturity, autonomous-decision and market-share forecasts, 2025–26); McKinsey (State of AI, agent pilot-to-production); NASSCOM and MeitY (India AI job demand and AI-skilled share); NASSCOM–Deloitte (AI talent pool projection); NASSCOM–Indeed India AI Talent Report 2026 (skills-based hiring). Trainocate figures are from our own enterprise delivery data.

Contact: cloudacademy@trainocate.com | +91 9223361686

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