Microsoft and asset manager BlackRock want to raise $100 billion through an investment fund to finance data centers, AI infrastructure and the new energy sources to power them. According to the partners, the investments required for this are greater than what a single company or government can finance alone.
“We want to ensure that AI drives innovation and growth in every sector of the economy,” said Microsoft CEO Satya Nadella. “The Global AI Infrastructure Investment Partnership will help us realize this vision.”
Microsoft itself is also investing heavily in artificial intelligence. For example, the company has invested more than 10 billion dollars in OpenAI, the company behind the popular chatbot ChatGPT.
Nvidia Support
Investments in expanding or building data centers and creating new energy sources for these centers will focus primarily on the United States. Nvidia, the leading supplier of AI chips, will support the partnership with expertise. Microsoft will provide technical advice and financing. The Abu Dhabi investment company MGX, founded earlier this year, is also participating in the collaboration.