According to PANews, BlackRock is planning to launch an artificial intelligence investment fund of more than US$30 billion with Microsoft, which will build data centers and energy projects to meet the growing demand for electricity and infrastructure for artificial intelligence.
BlackRock will launch the fund with its new infrastructure investment unit, Global Infrastructure Partners, and it will be one of the largest investment vehicles ever launched on Wall Street. Microsoft and Abu Dhabi-backed investment firm MGX are general partners in the fund.
Chipmaker Nvidia Corp will provide expertise, the people said. The investment vehicle is designed to address the massive demand for power and digital infrastructure to build artificial intelligence products, with existing infrastructure expected to face severe capacity bottlenecks in the coming years.
