BlackRock and Microsoft intend to launch a fund worth more than $30 billion to invest in artificial intelligence infrastructure.
As part of the mentioned initiative, the technology giant, which is the developer of the world’s most popular Windows operating system for personal computers, and a global investment company, will finance building data centers and projects in the energy area. The corresponding statement was made by BlackRock and Microsoft on Tuesday, September 17.
Artificial intelligence models, especially corresponding digital products designed for deep learning and large-scale data processing, require significant computing power. Against the background of this circumstance, the level of energy consumption is increasing.
The computing requirements in the artificial intelligence area force technology companies to combine thousands of chips into clusters to achieve the necessary data-crunching power. Against this background, there is an increase in demand for specialized data centers.
BlackRock and Microsoft said that the investment vehicle, known as the Global AI Infrastructure Investment Partnership, is designed to improve the supply chains of artificial intelligence and energy sourcing.
MGX, the Abu Dhabi-backed investment company, will be the fund’s general partner. Nvidia, the developer of graphics processing units for the training and operation of artificial intelligence systems, will provide expertise.
BlackRock and Microsoft also say that the partnership will mobilize up to $100 billion in total investment potential, including debt financing.
As we have reported earlier, Microsoft Faces Mega Fine in EU.
