AI’s hungry maw drives massive $100B investment plan by Microsoft and BlackRock
Microsoft's venture partners are notable for their deep pockets. BlackRock manages trillions in assets globally, and MGX, formed earlier this year, represents Abu Dhabi's strategic push into AI investments, backed by substantial sovereign wealth from the United Arab Emirates.
Microsoft and Abu Dhabi's MGX to back $30bn BlackRock AI infrastructure fund
Run through BlackRock's Global Infrastructure Partners fund, which it acquired for $12.5bn earlier this year, the 'Global AI Investment Partnership,' plans to raise up to $30bn in equity investments. Another $70bn could come via leveraged debt financing.
MGX, Microsoft, BlackRock, Global Infrastructure Partners launch new AI partnership to invest in data centres
This partnership will support an open architecture and broad ecosystem, providing full access on a non-exclusive basis for a diverse range of partners and companies
Abu Dhabi's MGX teams up with BlackRock and Microsoft to raise up to $100bn for AI infrastructure
Abu Dhabi-based technology company MGX, BlackRock, Microsoft and Global Infrastructure Partners have launched an artificial intelligence infrastructure investment partnership that aims to mobilise up to $100 billion in investments to enhance the future of AI.
Microsoft, BlackRock, GIP, and MGX launch AI partnership
Microsoft, BlackRock, Global Infrastructure Partners (GIP), and the Emirati tech investment firm MGX have launched a new artificial intelligence (AI) partnership to boost US competitiveness in the field.
Scott Dylan on Global Infrastructure Partners, BlackRock, Microsoft, and MGX Investment into AI Data Centers
In a landmark move, Global Infrastructure Partners, BlackRock, Microsoft, and MGX have announced the launch of the Global AI Infrastructure Investment Partnership (GAIIP), which seeks to raise up to $100 billion to invest in AI-powered data centres and the energy infrastructure required to support them.
BlackRock, Microsoft & MGX plan to launch $30 billion AI fund
BlackRock and Microsoft are launching a $30 billion fund to tackle the infrastructure demands of AI advancements.
Abu Dhabi’s MGX, Microsoft, BlackRock partner to launch $30bn AI fund
MGX said the investments, which seek to fuel AI innovation and economic growth, will be chiefly in the US and the remainder in partner countries.
BlackRock, Global Infrastructure Partners, Microsoft, MGX Launch AI Partnership
BlackRock, Global Infrastructure Partners, MGX and Microsoft will invest up to $100 billion expanding and building artificial-intelligence data centers.
BlackRock, Microsoft,others Launch $100 Bln AI Initiative To Boost Data Centers,Power Infrastructure
NVIDIA will contribute its expertise in AI data centers and AI factories to support GAIIP, enhancing the AI ecosystem. GAIIP will also collaborate with industry leaders to improve AI supply chains and energy sourcing for the benefit of its customers and the industry at large.
Microsoft, BlackRock to launch $30 bln fund for AI infrastructure
BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday.
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MGX, Microsoft, BlackRock seal new AI partnership deal
Leading global investment players - BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX - have joined ...
Microsoft, BlackRock aim for US$30 billion AI investment with Abu Dhabi’s MGX
The Global AI Infrastructure Investment Partnership, which also includes Nvidia, will invest in data storage and energy ...
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 ...
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America is ready to go big on AI infrastructure
A new, $30 billion fund from Microsoft and BlackRock, as well as a government task force, aim to tackle AI's data center ...