BlackRock and Microsoft to Form $30 Billion AI Investment Fund
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September 18, 2024
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According to Foresight News, citing sources from the Financial Times, BlackRock is planning to launch an over $30 billion artificial intelligence investment fund in partnership with tech giant Microsoft. The fund will focus on building data centers and energy projects to meet the growing demand for power and infrastructure by AI. BlackRock will launch the fund through its new infrastructure investment division, Global Infrastructure Partners. This fund will be one of the largest investment vehicles ever on Wall Street. Microsoft and MGX, an Abu Dhabi-backed investment company, will serve as general partners for the fund, while chipmaker Nvidia will provide expertise.
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