Brazilian investment giant Patria Investimentos announced on Friday the launch of Omnia, an ultra-scale data center platform, with an anticipated investment of approximately $1 billion over the next 18 to 24 months. Amidst the rapid expansion of cloud computing and artificial intelligence applications in Latin America, the region, particularly Brazil, has emerged as a new frontier for data center investors. This is attributed to its abundant renewable energy resources and substantial growth potential, standing in stark contrast to the saturated markets in Europe and the United States.