BlackRock and Microsoft Plan to Raise $30 Billion for AI Investment, Nvidia to Provide Support

BlackRock and Microsoft are joining forces to invest in data centers and other infrastructure supporting artificial intelligence.

In a statement, the two companies said that this initiative, called the “Global AI Infrastructure Investment Partnership,” aims to attract $30 billion in private equity investment and use this capital to make up to $100 billion in investments.

The statement indicated that infrastructure investments, including energy projects, will mainly be in the U.S., with some funds deployed in partner countries.

“Mobilizing private capital to build AI infrastructure, such as data centers and energy projects, will unlock trillions of dollars in long-term investment opportunities,” BlackRock CEO Larry Fink said in the statement.

The companies are also partnering with Global Infrastructure Partners and Abu Dhabi’s MGX, which was established earlier this year specifically for AI investments.

Nvidia will support the alliance by leveraging its expertise in AI data centers and factories. The chipmaker has invested heavily in developing software, networking, and other technologies.