Tech Giants Invest $30 Billion in AI Infrastructure
By MYBRANDBOOK
Microsoft and BlackRock intend to establish a fund worth over $30 billion to finance the construction of data centres and energy projects using artificial intelligence technology.
This initiative, called the Global AI Infrastructure Investment Partnership, seeks to strengthen AI supply chains and improve energy sourcing.
According to BlackRock and Microsoft, the Global AI Infrastructure Investment Partnership is an investment vehicle that intends to improve AI supply chains and energy sources.
The partnership will also include MGX, an Abu Dhabi-backed investment company, as a general partner, while Nvidia will provide expertise in AI chip technology. With the potential to mobilize up to $100 billion in total investment, including debt financing, the fund will primarily focus on investments in the United States, with some allocations in partner countries.
This significant investment responds to the increasing demand for computational power required by AI models, which necessitate specialized data centers due to their high energy consumption and processing needs.
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