BlackRock, Microsoft, UAE Partner on $30B AI Infrastructure Fund

BlackRock, Microsoft, and Abu Dhabi-based MGX have partnered to launch a $30B fund investing in AI and related energy infrastructure, which could grow to $100B when including debt financing, according to a September 17 press release. 

The venture, dubbed the “Global AI Infrastructure Investment Partnership” (GAIIP), seeks to invest in data centers, AI infrastructure innovations, and energy projects. 

GAIIP will also collaborate with chip maker NVIDIA, which will consult on the design and integration of AI factories. BlackRock expects to close on its acquisition of Global Infrastructure Partners (GIP) on October 1, with the infrastructure investment firm also involved in the partnership. 

View the press release here.

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