BlackRock and Microsoft Massive New AI Infrastructure Fund seeking $30 billion to invest in data centers and infrastructure.
“BlackRock BLK 1.32%increase; green up pointing triangle, Microsoft MSFT 1.83%increase; green up pointing triangle and United Arab Emirates state-backed investor MGX are partnering on a new artificial-intelligence infrastructure fund that aims to raise $30 billion to invest in data centers and related power infrastructure.
After raising the private-equity capital from investors, the partnership could deploy up to $100 billion in total capital when including debt financing, the parties said Tuesday. Most of the infrastructure investments will be made in the U.S.”
By Jack Pitcher and Connor Hart