BlackRock and Microsoft team up to invest in artificial intelligence

Both companies, along with other institutions, created the Global AI Infrastructure Investment Partnership.

Investments in AI infrastructure will be made primarily in the United States.

The cryptocurrency ecosystem can benefit from this partnership to boost AI.BlackRock and Microsoft, along with other institutions, have created the Global AI Infrastructure Investment Partnership (GAIIP). This partnership seeks to raise up to $100 billion to invest in artificial intelligence (AI) infrastructure, primarily in the United States.

The investments will focus on building and expanding data centers to meet the growing demand for computing power, as well as energy infrastructure to create new sources of energy for these facilities, as reported in a statement. The intention is to drive AI innovation and economic growth, with a focus on the United States and its partner countries.In addition to BlackRock and Microsoft, the partnership includes Global Infrastructure Partners (GIP) and MGX, a company specializing in energy infrastructure. These companies seek to support an open architecture and a broad ecosystem that enables the sustainable development of AI.

As part of the support, the technology giant NVIDIA announced its backing of GAIIP, offering its expertise in AI data centers and AI factories to benefit the ecosystem. This includes improving AI supply chains and power supply, according to the companies.

“GAIIP will also actively collaborate with industry leaders to help improve AI supply chains and power supply for the benefit of its customers and the industry,” the statement said.

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