Asia Finance Tycoon Backs $1.5 Billion AI Infrastructure Bet

A patriarch for one of Asia’s biggest finance fortunes is joining other members of the global elite in bolstering artificial intelligence investments, defying fears of a bubble.

Andre Koo Sr. has committed at least $100 million to anchor two funds started this month that will allocate to AI infrastructure companies, including those partnering with chipmaking giant Nvidia Corp., according to documents seen by Bloomberg and a person with knowledge of the matter.