The post BlackRock and Microsoft’s $30 Billion AI Infrastructure Fund to Transform Energy and Data Centers appeared on BitcoinEthereumNews.com.

BlackRock is preparing to launch a groundbreaking $30 billion AI infrastructure fund in partnership with Microsoft and MGX. The fund’s goal is to accumulate a total of $100 billion, combining $30 billion in equity with $70 billion in debt financing. Nvidia will provide advisory services on factory designs as AI’s growing energy needs stress current infrastructure capacities. BlackRock and Microsoft team up for a historic AI infrastructure fund aiming at a $100 billion target, setting a new milestone in energy and data center investments. BlackRock and Microsoft’s Strategic AI Partnership In a significant move towards supporting the burgeoning field of artificial intelligence (AI), BlackRock has announced the formation of a new investment fund exceeding $30 billion in collaboration with Microsoft. This investment aims to develop state-of-the-art data centers and energy projects crucial for AI technology. The partnership marks one of the largest investment initiatives on Wall Street, reflecting immense financial interest in AI infrastructure. Nvidia’s Role and the Growing Infrastructure Demand The new fund, dubbed the Global AI Investment Partnership, will be managed by BlackRock’s Global Infrastructure Partners (GIP) unit, acquired earlier this year. Alongside Microsoft and MGX, an Abu Dhabi-based investment firm acting as general partners, Nvidia will provide insights into factory design and AI integration. This collaboration aims to address the substantial energy consumption and digital infrastructure needs triggered by the rapid advancement of AI technologies. Financing the AI Infrastructure Revolution BlackRock plans to raise $30 billion in equity and secure an additional $70 billion in debt financing, making up a total of $100 billion for this venture. This capital will fund various AI-related infrastructure projects, including the construction of advanced data centers and renewable energy initiatives. The focus on energy projects aligns with BlackRock’s strategy to tap into significant growth opportunities within the energy sector. Statements from…

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Filed under: News - @ September 18, 2024 12:27 am