According to TechFlow, the Financial Times reported that the world's largest asset management company BlackRock is working with technology giant Microsoft to launch an artificial intelligence infrastructure investment fund with a scale of more than US$30 billion.

The fund, called Dubbed the Global AI Investment Partnership, was jointly initiated by BlackRock and its newly acquired infrastructure investment unit Global Infrastructure Partners (GIP). Microsoft and Abu Dhabi investment company MGX participated as general partners, and chipmaker Nvidia will provide technical advice.

The fund plans to raise up to $30 billion in equity investments and use the funds to support up to $70 billion in debt financing. A total of $100 billion will be used to build data centers and energy projects to cope with the huge power and digital infrastructure demands brought about by AI.