BlackRock is planning to launch a more than $30 billion artificial intelligence investment fund with Microsoft to build data centers and energy projects to meet growing AI-related demands. MGX, the Abu Dhabi-backed investment company,

BlackRock, Microsoft, and Abu Dhabi’s MGX are launching a $30 billion artificial intelligence investment fund to build energy projects and infrastructure needed to sustain the rapid growth of AI, the Financial Times reported.

BlackRock will launch an artificial-intelligence fund with software giant Microsoft worth around $30 billion to build data centers and energy projects. The AI partnership will likely feed the growing hunger for computing capacity,