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Microsoft and BlackRock have joined forces to launch a groundbreaking $30 billion AI infrastructure fund, targeting the advancement of AI-driven data centres and energy initiatives. This AI-driven initiative is designed to address the surging demand for computing power and support the construction of infrastructure needed to source new energy solutions for the highly energy-intensive data centres that drive artificial intelligence operations.
The fund, named the Global AI Infrastructure Investment Partnership, was announced by BlackRock Global Infrastructure Partners, Microsoft, and MGX, a company specializing in AI and advanced technology investment, in a joint statement released late Tuesday.
According to the companies, the partnership will not only focus on building AI-related infrastructure but will also work on enhancing AI supply chains and exploring energy-sourcing opportunities to sustain these operations. Most investments are expected to be made within the United States.
With the inclusion of debt financing, the total investment potential for this initiative could reach an impressive $100 billion, creating a significant impact on the AI supply chain and infrastructure. The capital raised is poised to play a vital role in supporting AI development by mobilizing substantial private investment in critical infrastructure.
Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, highlighted the importance of securing private capital for funding these essential investments in AI infrastructure.
Nvidia, a key player in AI chip manufacturing, will serve as an advisor to the partnership, offering guidance on the design and integration of AI factories.