Microsoft and BlackRock have unveiled plans to create a substantial fund, exceeding $30 billion, dedicated to investing in artificial intelligence (AI) infrastructure. This initiative aims to develop data centers and energy projects vital for supporting AI technologies.
AI models, especially those used for deep learning, demand significant computational power, which has driven up the need for specialized data centers. The new fund, called the Global AI Infrastructure Investment Partnership, seeks to enhance AI supply chains and improve energy sourcing.
Additionally, MGX, an investment company backed by Abu Dhabi, will serve as a general partner in this venture, while Nvidia will lend its expertise in AI chip technology. The partnership could mobilize a total investment potential of up to $100 billion when considering debt financing.
Investments will primarily target projects in the United States, with some funds directed toward partner countries. This collaboration reflects the increasing importance of robust infrastructure to support the rapid growth of AI applications.
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