Microsoft, BlackRock to Launch $30 Billion Fund for AI Infrastructure
(Reuters) - 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, citing people briefed about the matter.
Earlier this week, Microsoft partnered with investment company BlackRock and several other partners on a new $30 billion investment fund to target the growing artificial intelligence sector.
BlackRock pushed back on Texas' decision to pull a roughly $8.5 billion investment for its Permanent School Fund from the asset manager over an alleged boycott of oil and gas companies.
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