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Microsoft and BlackRock to launch $30 bln fund for AI infrastructure
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Microsoft and BlackRock to launch $30 bln fund for AI infrastructure
Sep 19, 2024 11:58 PM

Sept 17 (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 ( NVDA )

will provide expertise.

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