The drive to develop more powerful #AI capabilities will require significant infrastructure investment to support it. BlackRock, with Global Infrastructure Partners (GIP), announced that it will partner with @Microsoft and MGX to form the Global AI Infrastructure Investment… pic.twitter.com/BomqNdNLhL
— BlackRock (@BlackRock) September 18, 2024
BlackRock, Global Infrastructure Partners, Microsoft, and MGX have launched a $100 billion partnership to invest in data centers and energy infrastructure to support the growing demand for AI computing power. The Global AI Infrastructure Investment Partnership (GAIIP) aims to unlock $30 billion of private equity capital from investors, asset owners, and corporates, which could mobilize up to $100 billion in total investment when factoring in debt financing. The partners bring together expertise in infrastructure and technology to drive efficient data center scaling, energy, power, and decarbonization investment capabilities.
The capital spending needed for AI infrastructure and the new energy to power it goes beyond what any single company or government can finance. This financial partnership between @BlackRock, Global Infrastructure Partners (GIP), @Microsoft, and MGX will not only help advance…
— Brad Smith (@BradSmi) September 17, 2024
The investments will primarily be in the United States, aiding AI innovation and economic growth, with additional investments in U.S. partner countries. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of MGX, emphasized the importance of the investment, stating, “Artificial intelligence is not just an industry of the future, it underpins the future. Through this unique partnership, we will enable faster innovation, technological breakthroughs, and transformational productivity gains across the global economy.”
BlackRock and Microsoft are teaming up to invest in data centers and other infrastructure supporting artificial intelligence https://t.co/KTa3hLE0Ge przez @technology
— Andrzej J. Kozłowski (@aj_kozlowski) September 17, 2024
Larry Fink, Chairman and CEO of BlackRock, highlighted the transformative potential of the initiative, saying, “Mobilizing private capital to build AI infrastructure like data centers and power will unlock a multi-trillion-dollar long-term investment opportunity.
These investments will help power economic growth, create jobs, and drive AI technology innovation.”
BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projectshttps://t.co/H0OK8kVVY3
— Amit Paranjape (@aparanjape) September 18, 2024
Satya Nadella, Chairman and CEO of Microsoft, reiterated the company’s commitment to AI-driven growth, stating, “We are committed to ensuring AI helps advance innovation and drives growth across every sector of the economy. The Global AI Infrastructure Investment Partnership will help us deliver on this vision, as we bring together financial and industry leaders to build the infrastructure of the future sustainably.”
The collaboration leverages MGX’s investment focus in AI and advanced technologies, traditional strengths in data centers, compute capacity, and enabling infrastructure.
Global AI infrastructure investment partnership
BlackRock, with its extensive network of corporate relationships, and GIP, known for investing in large and complex infrastructure projects, position the partnership to drive economic growth and job creation, while generating long-term investment benefits. This announcement marks a significant collaboration aimed at meeting the global demand for AI-driven innovation and the infrastructure required to support it, promising a more sustainable and prosperous future. In related news, Jim Cramer identified Vertiv, GE Vernova, Trane, and Eaton as “very clear winners” of the increased spending on data centers and AI infrastructure.
These companies sell products that service data centers and are expected to benefit from the growing importance and expansion of these facilities. Rezolve AI, a leader in AI-driven commerce solutions, also welcomed the $30 billion investment in AI infrastructure as a game-changer for the industry. CEO Daniel M.
Wagner views this as a pivotal shift, providing the foundation for AI innovators to scale rapidly and deliver sophisticated solutions. The company aims to leverage the evolving infrastructure and collaborate with major AI players to drive hyper-personalization in commerce and customer engagement.
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