Reported 21 days ago
BlackRock Inc. and Microsoft Corp. are collaborating to raise $30 billion in private equity to fund the development of data warehouses and energy infrastructure for artificial intelligence. This initiative aims to leverage additional investments totaling up to $100 billion, highlighting the urgent need for global data center expansion amidst the soaring AI demand. Alongside partners like Nvidia and MGX, the companies emphasize that improving infrastructure will facilitate technological advancements and economic growth across multiple sectors.
Source: YAHOO