WASHINGTON: BlackRock (BLK.N) and Microsoft (MSFT.O) announced plans to launch a fund exceeding $30 billion to invest in artificial intelligence infrastructure, including data centers and energy projects.
AI models, particularly those used for deep learning and large-scale data processing, demand significant computational power, resulting in increased energy consumption. As a result, tech companies have been forced to connect thousands of chips in clusters to meet these computing needs, driving up the demand for specialized data centers.
The fund, named the Global AI Infrastructure Investment Partnership, aims to strengthen AI supply chains and energy sourcing. Abu Dhabi-backed MGX will act as a general partner, while Nvidia (NVDA.O), a leader in AI chips, will lend its expertise. This partnership has the potential to mobilize up to $100 billion in total investments, including debt financing.
Investments will primarily focus on the United States, with additional funding directed toward partner countries.
