November 12, 2025

Palo Alto, Calif.

Announcing The $35B Project Concord Initiative

See more: WSJ

Today we are announcing Project Concord. Our first initiative is a $35B “Living Data Center” in South Korea, where AI designs, optimizes, and operates the full stack from silicon to systems to the entire site.Voltai is partnering with Stock Farm Road, an investor group founded by Brian Koo, the grandson of LG founder Koo In-hwoi, and Amin Badr-El-Din, founder of UAE Offsets Group, which spawned Mubadala, UAE’s sovereign wealth fund. Like Voltai, it also counts Chairman of Alphabet (parent company of Google) John Hennessy as an advisor, alongside former Vice-President of the European Commission and Salesforce Board Member Neelie Kroes. Voltai and Stock Farm Road are the primary partners of Project Concord.Project Concord aligns with South Korea's push to scale AI infrastructure. President Lee Jae Myung just announced plans to triple government AI spending in next year's budget.

It marks the first time AI will serve as architect, manager, and operator of AI infrastructure that is fully vertically integrated.

We're building the playbook for how AI infrastructure scales for the future of AI.