$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.
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.
This partnership will support an open architecture and broad ecosystem, providing full access on a non-exclusive basis for a ...
BlackRock and Microsoft are launching a $30 billion fund to tackle the infrastructure demands of AI advancements.
Leading global investment players - BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX - have joined ...
In a landmark move, Global Infrastructure Partners, BlackRock, Microsoft, and MGX have announced the launch of the Global AI ...
The surge in demand for AI services is also putting pressure on energy providers across the US. Electricity consumption by AI ...
Microsoft and BlackRock are collaborating to put $30B investment to develop data centers for AI and the energy infrastructure ...
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