Microsoft and BlackRock to Launch $30 Billion Fund for AI Infrastructure
Microsoft and BlackRock have announced plans to establish a fund exceeding $30 billion aimed at investing in artificial intelligence infrastructure, focusing on building data centers and energy projects.
As AI models, particularly those for deep learning and large-scale data processing, require significant computational power, there is a corresponding rise in energy consumption. To meet these demands, tech companies are increasingly clustering thousands of chips to achieve the necessary data processing capabilities, driving up the need for specialized data centers.
The investment vehicle, named the Global AI Infrastructure Investment Partnership, seeks to enhance AI supply chains and energy sourcing. Abu Dhabi-backed MGX will serve as a general partner in the fund, while AI chip leader Nvidia will provide technical expertise.
This partnership is poised to mobilize up to $100 billion in total investment potential, including debt financing. The majority of these investments will be directed toward the United States, with additional funding allocated to partner countries.
The Financial Times was the first to report on this significant development.
