Microsoft and BlackRock are collaborating with other companies to raise up to $100 billion for AI data centers and energy infrastructure development. The initiative aims to provide an initial $30 billion, with a future goal of $100 billion, including debt financing. The partnership includes Global Infrastructure Partners, which is being acquired by BlackRock, and MGX, a UAE-based tech investor. The partnership seeks to build and power AI data centers sustainably to meet the surging demand for generative AI technologies. The demand for data centers has skyrocketed, fueled by the popularity of Nvidia GPUs, which power AI models.
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00:00It's Benzinga and here's what's on the block.
00:02Microsoft and BlackRock are collaborating with other companies to raise up to $100 billion
00:07for AI data centers and energy infrastructure development.
00:11The initiative aims to provide an initial $30 billion with a future goal of $100 billion,
00:16including debt financing.
00:18The partnership includes Global Infrastructure Partners, which is being acquired by BlackRock
00:22and MGX, a UAE-based tech investor.
00:25The partnership seeks to build and power AI data centers in a sustainable way to meet
00:30the surging demand for generative AI technologies.
00:33The demand for data centers has skyrocketed, fueled by the popularity of NVIDIA GPUs, which
00:37power AI models.
00:39For all things money, visit Benzinga.com.