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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.
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