Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, or GAIIP, which was announced Tuesday.
AI’s hungry maw drives massive $100B investment plan by Microsoft and BlackRock
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 Blackrock form group to invest billions in AI
Microsoft and Blackrock are headlining the Global Artificial Intelligence Infrastructure Investment Partnership, a new group aiming to mobilize $100 billion to invest in artificial intelligence. The group,
BlackRock, Microsoft planning more than $30 billion fund to invest in AI: Financial Times
CNBC's Steve Kovach joins 'Closing Bell Overtime' to talk breaking news about Microsoft and BlackRock AI investment fund.
BlackRock and Microsoft join forces to invest up to $100B into AI infrastructure
BlackRock Inc. and Microsoft Corp. are part of a new group that plans to invest up to $100 billion to build data centers and energy projects to support the rapid development of artificial intelligence.
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.
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 and BlackRock plan $30 billion fund to invest in AI infrastructure, FT reports
BlackRock is preparing to launch a more than $30 billion artificial intelligence investment fund with Microsoft to build data centers and energy projects to meet growing demands stemming from AI, the Financial Times reported 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.
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