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Microsoft and BlackRock to launch $30 billion fund for AI infrastructure
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Microsoft and BlackRock to launch $30 billion fund for AI infrastructure
Sep 18, 2024 12:10 AM

(Reuters) -BlackRock ( BLK ) is planning to launch a more than $30 billion artificial intelligence investment fund with Microsoft ( MSFT ) to build data centers and energy projects to meet growing AI-related demands.

MGX, the Abu Dhabi-backed investment company, will be a general partner in the fund, while AI chip firm Nvidia will provide expertise.

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