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

Sep 17, 2024, 08:35 PM

BlackRock and Microsoft are set to launch a $30 billion artificial intelligence investment fund, aimed at building data centers and energy projects to meet the growing demands of AI technology. The initiative, which is reported by the Financial Times, will also involve Nvidia providing expertise and Abu Dhabi-backed MGX joining the effort. Global Infrastructure Partners are also part of this partnership. The fund is one of the largest ever launched on Wall Street and may potentially reach $100 billion with additional investments. This partnership highlights the significant capital required to support the infrastructure needed for AI advancements.