BlackRock is launching an AI-focused investment fund exceeding $30 billion in collaboration with Microsoft and MGX, aiming to support AI data centers and energy infrastructure.
The fund stands out as one of Wall Street's largest, addressing the expected energy demands and capacity constraints related to AI technologies, with Nvidia’s expertise also being leveraged.
This launch follows BlackRock's acquisition of Global Infrastructure Partners for $12.5 billion, integrating it as their infrastructure investment unit to drive AI-related projects.
The partnership with industry leaders and the size of the fund highlight a significant shift in investment towards supporting the burgeoning AI landscape and its infrastructural needs.
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