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LatinNews Daily - 10 June 2026
In brief: Brazil’s Rio AI City initiative to receive more investment
*Brazilian digital infrastructure company Elea has announced plans to invest US$550m in Rio de Janeiro’s AI City programme, an initiative launched last year with the aim of building more data centres and turning the city into one of the top global AI hubs by 2032. Rio’s mayor, Eduardo Cavaliere, signed a memorandum of understanding with Elea to formalise the implementation of Rio AI City. According to a press release from Rio city hall, this could pave the way for more investment from Elea that could reach US$10bn in the coming years. The funding is expected to support the development of a data centre complex in the Olympic Park area of the Barra da Tijuca neighbourhood, in the southwest of the city. Elea is also in the process of being acquired by US-based private equity firm I Squared Capital, which Rio city hall described as a new phase in Elea’s growth plans to invest more in large-scale infrastructure in Latin America.
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