Reported 15 days ago
A consortium including BlackRock, Nvidia, xAI, and Microsoft is set to acquire Aligned Data Centers for $40 billion, emphasizing the importance of data infrastructure for AI development. The partnership, named the Artificial Intelligence Infrastructure Partnership (AIP), plans to invest $30 billion initially, with total potential investments reaching $100 billion. This acquisition is seen as crucial amidst a race for AI computing power, with Bitcoin miner stocks, especially those transitioning to AI infrastructure, witnessing notable gains.
Source: YAHOO