BlackRock and Microsoft plan $30 billion AI infrastructure investment
The Global AI Infrastructure Investment Partnership initiative involves MGX as a general partner and Nvidia as an expert.
BlackRock and Microsoft have announced plans to create a significant investment fund of over $30 billion to develop infrastructure for AI. The fund-Global AI Infrastructure Investment Partnership will focus on building data centres and energy projects to support the growing computational demands of AI technologies. As AI models, particularly those involved in deep learning and large-scale data processing, require immense processing power, these investments are critical to meet the rising energy and infrastructure needs.
The surge in demand for AI has driven tech companies to link thousands of chips together in large clusters to process massive amounts of data, fueling the necessity for specialised data centres. BlackRock and Microsoft’s partnership aims to strengthen AI supply chains and improve energy sourcing to support these advancements. Abu Dhabi-backed investment company MGX will also join as a general partner in the venture, while AI chip leader Nvidia will provide its technical expertise to guide the initiative.
The partnership can mobilise up to $100 billion in investment when debt financing is included. Most of this investment will be in the US, with the rest targeted in partner countries. This ambitious collaboration means a rapidly expanding need for AI infrastructure and the commitment from major global players to fuel its growth.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.
