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Wednesday, September 18, 2024
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HomeTechMicrosoft and BlackRock to launch $30 billion fund for AI infrastructure

Microsoft and BlackRock to launch $30 billion fund for AI infrastructure

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(Reuters) -BlackRock is planning to launch a more than $30 billion artificial intelligence investment fund with Microsoft 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.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shounak Dasgupta)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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