$100 billion AI infrastructure fund launched by Microsoft, BlackRock, UAE firm
Microsoft's venture partners are notable for their deep pockets. BlackRock manages trillions in assets globally, and MGX, formed earlier this year, represents Abu Dhabi's strategic push into AI investments, backed by substantial sovereign wealth from the United Arab Emirates.
New AI Partnership to Invest in Data Centers and Supporting Power Infrastructure
The drive to develop more powerful AI capabilities will require significant infrastructure investment to support it. BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX announced on Sept.
BlackRock, Microsoft Partner on Massive New AI Infrastructure Fund
The Global AI Infrastructure Investment Partnership will seek to raise $30 billion to invest in data centers and infrastructure.
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 in investments to enhance the future of AI.
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.
BlackRock, Global Infrastructure Partners, Microsoft and MGX launch new AI partnership to invest in data centers and supporting power infrastructure
American competitiveness in AI while meeting the growing need for energy infrastructure to power economic growth NEW YORK, REDMOND, WA, AND ABU DHABI — September 17, 2024 – The drive to develop more powerful AI capabilities will require significant infrastructure investment to support it.
Microsoft, BlackRock form group to raise $100 billion for AI data centers
Microsoft and BlackRock aim to launch a $30 billion fund for AI infrastructure with future plans for up to $100 billion in total investment potential.
Abu Dhabi’s MGX, Microsoft, BlackRock partner to launch $30bn AI fund
MGX said the investments, which seek to fuel AI innovation and economic growth, will be chiefly in the US and the remainder in partner countries.
BlackRock, Microsoft,others Launch $100 Bln AI Initiative To Boost Data Centers,Power Infrastructure
NVIDIA will contribute its expertise in AI data centers and AI factories to support GAIIP, enhancing the AI ecosystem. GAIIP will also collaborate with industry leaders to improve AI supply chains and energy sourcing for the benefit of its customers and the industry at large.
Microsoft, BlackRock to launch $30 bln fund for AI infrastructure
BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday.
BlackRock, Global Infrastructure Partners, Microsoft, MGX Launch AI Partnership
The partnership, called the Global AI Infrastructure Investment Partnership, will additionally build out energy infrastructure to create power sources for the facilities, the companies said.
BlackRock and Microsoft are reportedly planning a $30B AI-focused megafund
Investment powerhouse BlackRock is set to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with ...
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Microsoft launches AI partnership to invest in data centres and support AI innovation
Microsoft, BlackRock, Global Infrastructure Partners (GIP) and MGX have launched the Global AI Infrastructure Investment ...
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MGX, Microsoft, BlackRock seal new AI partnership deal
Leading global investment players - BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX - have joined ...
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America is ready to go big on AI infrastructure
A new, $30 billion fund from Microsoft and BlackRock, as well as a government task force, aim to tackle AI's data center ...