Investment powerhouse BlackRock, Microsoft and Abu Dhabi-backed investment outfit MGX are partnering to launch a massive AI-focused fund, which is expected to exceed $30 billion. This collaboration aims to create data centers and fund energy infrastructure to support the growing demand for AI technologies. Chip giant Nvidia will also contribute its expertise in managing the energy demands of AI. The fund is being launched in collaboration with Global Infrastructure Partners (GIP), a subsidiary of BlackRock dedicated to infrastructure investments.
The launch of this fund highlights the increasing importance of AI in various industries and the need for supporting infrastructure. With the rapid growth of AI technologies, there is a rising demand for data centers and energy resources. BlackRock, Microsoft, and MGX are coming together to address this need and provide the necessary funding for the development of AI infrastructure.
BlackRock’s partnership with GIP further strengthens its position in the infrastructure investment sector. The acquisition of GIP for $12.5 billion earlier this year has allowed BlackRock to expand its infrastructure investment capabilities and play a significant role in supporting projects such as AI-focused initiatives.
Overall, this collaboration between BlackRock, Microsoft, MGX, and GIP represents a major investment in the AI sector, aiming to drive innovation and support the growth of AI technologies through the development of data centers and energy infrastructure. This fund has the potential to have a significant impact on the AI industry and accelerate its progress in various fields.
Refer to the original article for more details: [FT](https://www.ft.com/content/4441114b-a105-439c-949b-1e7f81517deb)
