BlackRock, Microsoft to Raise $30 Billion for AI Investments (1)
BlackRock Inc. and Microsoft Corp. are teaming up to invest in data centers and other infrastructure supporting artificial intelligence.
The strategy, dubbed the Global AI Infrastructure Investment Partnership, will aim to attract $30 billion of private equity capital, leveraging that to as much as $100 billion to invest, the companies said in a statementTuesday.
The infrastructure investments — including energy projects — will be mostly in the US, with a portion of the funds being deployed in US partner countries, according to the statement.
“Mobilizing private capital to build AI infrastructure like data centers and power will unlock a …