Microsoft, Blackrock plan $30 bln fund for AI infrastructure

Microsoft, BlackRock form fund to back AI infrastructure

Tech is going to need datacenters and power sources, and a lot of 'em

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

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).

The software company Microsoft and the asset manager Blackrock want to launch a joint investment fund for artificial intelligence.