Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

A Translation Guide To Progressive Slavespeak

June 30, 2025

Homebuyers still have down payment misconceptions

June 30, 2025

VitaminAi Joins Forces with TrustyFi to Bolster Transparency in AI and Web3

June 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, June 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Stock Market»Microsoft, BlackRock to launch $30 billion fund for AI infrastructure By Reuters
Stock Market

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure By Reuters

September 29, 2024No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

(Reuters) – BlackRock and Microsoft (NASDAQ:) have announced their plans to launch a fund exceeding $30 billion to invest in artificial intelligence infrastructure for the development of data centers and energy projects. This initiative aims to address the increasing computational power requirements of AI models, particularly those utilized for deep learning and large-scale data processing, which result in higher energy consumption.

The demand for specialized data centers has surged as tech companies are compelled to connect thousands of chips in clusters to meet the necessary data crunching power for AI. The Global AI Infrastructure Investment Partnership, the investment vehicle established by BlackRock (NYSE:) and Microsoft, is designed to enhance AI supply chains and energy sourcing.

As part of the fund, MGX, an investment company backed by Abu Dhabi, will serve as a general partner, while AI chip firm Nvidia (NASDAQ:) will provide expertise. The partnership has the potential to mobilize up to $100 billion in total investment, including debt financing.

© Reuters. FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, February 9, 2024. REUTERS/Gonzalo Fuentes/File Photo

The investments will primarily be focused in the United States, with additional allocations in partner countries, as per the companies. The Financial Times was the first to report on this collaboration.

Billion BlackRock fund Infrastructure Launch Microsoft Reuters
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin

June 27, 2025

Popular Fox Rescuer Commits Suicide After Degenerate Redditors Launch Character Assassination Campaign

June 25, 2025

Pump.fun’s Big Launch Put On Ice Over Legal Drama

June 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Zero-coupon bonds: What they are, pros and cons, tips to invest

September 27, 20240 Views

The Cheapest Flights To Mexico in 2025

May 31, 20250 Views

TRUMP And Solana Hit Resistance While FXGuys ($FXG) Prepares for a 50x Market Surge

January 26, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

A Translation Guide To Progressive Slavespeak

June 30, 20250
Real Estate

Homebuyers still have down payment misconceptions

June 30, 20250
Crypto

VitaminAi Joins Forces with TrustyFi to Bolster Transparency in AI and Web3

June 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.