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BlackRock, Global Infrastructure Partners and MGX
Abu Dhabi's MGX teams up with BlackRock and Microsoft to raise up to $100bn for AI infrastructure
Abu Dhabi-based technology company MGX, BlackRock, Microsoft and Global Infrastructure Partners have launched an artificial intelligence infrastructure investment partnership that aims to mobilise up to $100 billion to enhance the future of AI.
Abu Dhabi’s MGX, Microsoft, BlackRock team up to launch $30bn AI fund
Abu Dhabi tech investment firm MGX has teamed up with BlackRock, Global Infrastructure Partners (GIP), and Microsoft to launch a $30bn fund that will invest in artificial intelligence to build data centres and energy projects.
Microsoft and Abu Dhabi's MGX to back $30bn BlackRock AI infrastructure fund
Run through BlackRock's Global Infrastructure Partners fund, which it acquired for $12.5bn earlier this year, the 'Global AI Investment Partnership,' plans to raise up to $30bn in equity investments. Another $70bn could come via leveraged debt financing.
7h
Microsoft pumps huge sums into AI data centers with Blackrock and Abu Dhabi
First 30 billion, then 100 billion US dollars in total capital – That's how much money an alliance led by Microsoft wants to ...
Gulf Business
6d
Abu Dhabi tech investment firm MGX in talks to invest in OpenAI: WSJ reports
OpenAI seeks to raise $6.5bn at a valuation of $150bn, which will cement its position as one of the most valuable startups in ...
Yahoo Finance
2d
BlackRock, Global Infrastructure Partners, Microsoft, and MGX Launch New AI Partnership to Invest in Data Centers and Supporting Power Infrastructure
ABU
DHABI
, United Arab Emirates ... Today, BlackRock, Global Infrastructure Partners (GIP), Microsoft, and
MGX
announced the Global AI Infrastructure Investment Partnership (GAIIP) to make ...
1d
Microsoft & Blackrock plan to sign $30 billion AI investment in UAE’s MGX to build data centres
The surge in demand for AI services is also putting pressure on energy providers across the US. Electricity consumption by AI ...
16h
Titans’ AI alliance is a bid to dominate the next tech frontier
Is this the latest villain to come out of the Marvel Cinematic Universe? No, this group is very real. The alliance is ...
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