BlackRock and Microsoft are reportedly planning a $30B AI-focused megafund
SMRTR summary
BlackRock is launching a massive AI-focused fund exceeding $30 billion, partnering with Microsoft and Abu Dhabi-backed MGX. The fund will focus on creating data centers and funding energy infrastructure to support AI. Nvidia is contributing expertise on AI energy demands. This initiative follows BlackRock's recent $12.5 billion acquisition of Global Infrastructure Partners, now its infrastructure investment unit. The fund represents one of Wall Street's largest AI investments and could significantly impact the development of AI infrastructure.
SMRTR provides this summary for quick context. The original article belongs to Daily.dev.
Read the original article