Microsoft and BlackRock Launch Over $30bn Fund for AI Infrastructure
BlackRock and Microsoft will jointly launch a fund worth more than $30 billion to invest in AI infrastructure.
BlackRock (NYSE: BLK) and Microsoft (NASDAQ: MSFT) announced that they will jointly launch a fund worth more than US$30 billion to invest in AI infrastructure, especially data centers and energy projects.
As the demand for computing power from AI models such as deep learning and large-scale data processing surges, energy consumption increases significantly, and technology companies need to cluster thousands of chips to achieve the required data processing capabilities, thus driving the demand for these specialized data Demand for centers rises.
The investment entity of this cooperation is named the Global AI Infrastructure Investment Partnership (Global AI Infrastructure Investment Partnership), with the goal of improving the AI supply chain and energy sources. The general partner of the fund will be MGX, an investment company backed by Abu Dhabi, while AI chip manufacturer Nvidia (NASDAQ: NVDA) will provide technical support for the project.
According to the two companies, the collaboration has the potential to mobilize a total of up to $100 billion in investment, including loan financing, with most of the investment expected to be concentrated in the United States and the remainder allocated to partner countries.
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