The post BlackRock, Microsoft to Raise $30 Billion for AI Infrastructure appeared first on Coinpedia Fintech News
In a billion-dollar start, BlackRock and Microsoft are joining forces with Abu Dhabi’s MGX to raise $30 billion for AI infrastructure to boost data centers and energy projects. This investment could scale up to $100 billion, focusing mainly on the US and partner countries. According to BlackRock CEO Larry Fink, the Global AI Infrastructure Investment Partnership seeks to address the multi-trillion dollar need for AI-related infrastructure. Microsoft, a leader in AI innovation, is expanding its data centers to meet rising demand, with Nvidia supporting the initiative with AI tech expertise.