BlackRock and Microsoft will introduce a $30 billion fund for AI infrastructure

 

BlackRock (NYSE) and Microsoft (NASDAQ) announced plans to launch a fund exceeding $30 billion to invest in artificial intelligence (AI) infrastructure, focusing on building data centers and energy projects. This initiative addresses the substantial computational power needed for AI models, particularly those used in deep learning and large-scale data processing, which significantly increase energy demands.

To meet AI’s growing computing requirements, tech companies are deploying thousands of specialized chips in large clusters, driving a surge in demand for advanced data centers.

Named the Global AI Infrastructure Investment Partnership, this fund aims to strengthen AI supply chains and energy sourcing, according to statements from BlackRock and Microsoft.

MGX, an investment company backed by Abu Dhabi, will serve as a general partner, while Nvidia (NASDAQ), a leading AI chip manufacturer, will offer technical expertise.

The partnership aims to unlock up to $100 billion in total investment potential, including debt financing. Most of the investment will focus on the United States, with additional investments planned in partner countries, the companies said.

The Financial Times was the first to report this development.

 

 

 

 

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author.