Published 09/18/2024 2:43:00 a.m.

Microsoft, Blackrock plan $30 bln fund for AI infrastructure

BlackRock and Microsoft are launching an over $30bn fund to invest in AI infrastructure, including data centers and energy projects, due to increasing AI demands.
The group aims to raise $30 billion initially, with a long-term goal of reaching $100 billion, according to statements from involved companies.
The fund represents GIP's first major initiative after BlackRock's planned $12.5bn acquisition slated to close in October.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

Globo

FT: Microsoft and BlackRock prepare investment of US$ 30 billion in AI

Investment will support the construction of data centers and energy projects to meet the growing demands resulting from artificial intelligence

09/18/2024 1:14:10 a.m.·Brazil

Read Full Article

South China Morning Post

Microsoft and BlackRock aim for US$30 billion AI investment

The Global AI Infrastructure Investment Partnership, which also includes Nvidia, will invest in data storage and energy projects.

09/18/2024 2:00:57 a.m.·Hong Kong

Read Full Article

CNBC

Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power

Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power them.

09/17/2024 9:29:48 p.m.·United States

Read Full Article

Jornal Expresso

Blackrock and Microsoft prepare $30 billion fund for artificial intelligence

Portugal returns to short-term public debt issues this Wednesday, on a day when investors await the Fed's decision on interest rates in the United States. Follow the latest economic news here, updated throughout the day

09/18/2024 6:26:14 a.m.·Portugal

Read Full Article

Nikkei

Microsoft and BlackRock to launch $30bn fund for AI infrastructure

(Reuters) -- BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data cen

09/17/2024 10:30:33 p.m.·Japan

Read Full Article

TechCrunch

BlackRock and Microsoft are reportedly planning a $30B AI-focused megafund

Investment powerhouse BlackRock is set to launch a massive AI-focused investment fund, exceeding $30 billion, in collaboration with Microsoft and the Abu

09/17/2024 9:15:53 p.m.·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year