BlackRock and Microsoft plan to establish a $30 billion artificial intelligence investment fund
According to ChainCatcher news, citing sources from the Financial Times, BlackRock is planning to launch an artificial intelligence investment fund exceeding $30 billion in collaboration with tech giant Microsoft, which will establish data centers and energy projects to meet the growing demand for electricity and infrastructure from artificial intelligence.BlackRock will jointly launch this fund with its new infrastructure investment division, Global Infrastructure Partners, making it one of the largest investment vehicles in Wall Street history. Microsoft and Abu Dhabi-backed investment firm MGX are the general partners of the fund. Sources also indicated that chip manufacturer Nvidia will provide expertise. According to insiders, the investment vehicle aims to address the enormous demand for electricity and digital infrastructure required to build AI products. The computing power of artificial intelligence requires more energy than previous technological innovations, and existing infrastructure is expected to face severe capacity bottlenecks in the coming years.