According to BlockBeats, on September 18, the Financial Times reported that BlackRock is preparing to cooperate with technology giant Microsoft to launch an artificial intelligence investment fund with a scale of more than US$30 billion to build data centers and energy projects to meet the growing demand brought by artificial intelligence.
The financial tie-up, launched by BlackRock and its newly formed infrastructure investment arm Global Infrastructure Partners, will be one of the largest investment vehicles ever launched on Wall Street. Fast-growing chipmaker Nvidia will advise on factory design and integration.
The investment vehicle is designed to address the massive power and digital infrastructure demands of building AI products, which are expected to face severe capacity bottlenecks in the coming years. The computing power of AI requires more energy than previous technological innovations, which has put pressure on existing energy infrastructure.
The project, called the Global AI Investment Partnership, plans to raise up to $30 billion in equity investments and use the funds to support up to $70 billion in debt financing.
