Of course BlackRock is getting in on AI too…

At a Glance

Microsoft and BlackRock, alongside other major industry players, have announced the Global Artificial Intelligence Infrastructure Investment Partnership (GAIIP). This initiative aims to raise up to $100 billion to build AI-focused data centers and the necessary energy infrastructure to power them. The collaboration also includes Global Infrastructure Partners (GIP) and UAE-based MGX, with an initial capital goal of $30 billion.

Deeper Learning

Building the Future of AI Infrastructure: GAIIP is designed to fund and develop cutting-edge data centers that house AI technologies, particularly the high-powered NVIDIA GPUs needed for AI models that power applications like OpenAI’s ChatGPT. These GPUs consume significant energy, creating an urgent need for sustainable and scalable infrastructure.

Key Players:

• Microsoft: Committed to AI growth, Microsoft’s role builds on its ongoing investments in AI infrastructure, particularly its Azure cloud, which supports major AI clients like OpenAI.

• BlackRock: The investment giant’s participation follows its acquisition of Global Infrastructure Partners, a major infrastructure investor.

• MGX: This UAE-based tech investment firm brings critical expertise and regional influence to the partnership.

So What?

With demand for AI tech skyrocketing, this partnership between Microsoft and BlackRock is all about creating powerful data centers while tackling the energy crunch. If successful, GAIIP could fast-track AI’s global influence—transforming industries, sparking innovation, and addressing the urgent need for sustainable energy solutions.

References

1. Image from: Investopedia

2. BlackRock, Microsoft to Raise $30 Billion for AI Investments

3. Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power