Financial reports from BlackRock, Microsoft, or major financial news outlets

BlackRock and Microsoft to Launch $30 Billion AI Fund with Nvidia and MGX

Sep 17, 2024, 08:14 PM

BlackRock and Microsoft are set to launch a $30 billion artificial intelligence investment fund aimed at building data centers and energy projects. The initiative, reported by the Financial Times, will also involve Nvidia providing expertise. This fund is expected to be one of the largest ever launched on Wall Street. Additionally, Global Infrastructure Partners and Abu Dhabi-backed MGX are part of this new AI partnership, which seeks to address the growing demands stemming from AI technology.