The businesses said on Tuesday that BlackRock and Microsoft intended to establish a fund with a value of over $30 billion to invest in artificial intelligence infrastructure for the construction of data centers and energy projects.
AI models need a lot of processing power, which increases energy consumption. This is especially true for deep learning and large-scale data processing.
The need for these specialized data centers has surged as a result of IT businesses having to connect together thousands of chips in clusters to reach the necessary amount of computing power for AI.
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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 fund’s general partner will be MGX, an Abu Dhabi-backed investment group, and its expertise will come from AI chip manufacturer Nvidia (NVDA.O), opens new tab.
According to the corporations, the cooperation has the potential to mobilize up to $100 billion in total investment when loan funding is included.
According to the corporations, the majority of the investments will be made in the United States, with the remaining portion going to its partner nations.
About Microsoft
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About BlackRock
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