Reported 21 days ago
Microsoft and BlackRock have announced a new fund exceeding $30 billion, aimed at investing in artificial intelligence infrastructure such as data centers and energy projects. This initiative, called the Global AI Infrastructure Investment Partnership, responds to the increasing computational demands of AI models, facilitating better AI supply chains and energy sourcing. The partnership, which includes Abu Dhabi-backed MGX and AI chip firm Nvidia, could mobilize up to $100 billion with debt financing, focusing investments primarily in the U.S.
Source: YAHOO