US EditionMicrosoft, 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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The "Next AI Trade" Plays Out: Microsoft And BlackRock Join Forces On $30 Billion AI Infrastructure Fund
The "Next AI Trade" Plays Out: Microsoft And BlackRock Join Forces On $30 Billion AI Infrastructure Fund As we have been writing for the better part of the last year, the next AI trade continues to look like it's going to be energy. And now, both BlackRock and Microsoft are making it known that they understand this, too. Yesterday it was reported that the two industry giants are prepping the launch of a $30 billion AI investment fund that'll se…
Microsoft and BlackRock to launch $30 billion fund to invest in AI infrastructure - Tech Startups
BlackRock and Microsoft are planning to launch an over $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday. According to the announcement, the initiative will address the immense […] The post Microsoft and BlackRock to launch $30 billion fund to invest in AI infrastructure first appeared on Tech Startups.
Microsoft & Blackrock plan to sign $30 billion AI investment in UAE’s MGX to build data centres
The surge in demand for AI services is also putting pressure on energy providers across the US. Electricity consumption by AI data centres could increase up to tenfold by 2030, as facilities require more power to meet the growing computational needs
US investment fund Blackrock and tech giant Microsoft are planning a $30 billion mutual fund to develop artificial intelligence (AI).
Software company Microsoft and asset manager BlackRock want to raise $100 billion through a joint investment fund to finance data centers and infrastructure for artificial intelligence (AI).
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