Microsoft and Abu Dhabi's MGX to back $30bn BlackRock AI infrastructure fund
Run through BlackRock's Global Infrastructure Partners fund, which it acquired for $12.5bn earlier this year, the 'Global AI Investment Partnership,' plans to raise up to $30bn in equity investments. Another $70bn could come via leveraged debt financing.
First 30 billion, then 100 billion US dollars in total capital – That's how much money an alliance led by Microsoft wants to ...
OpenAI seeks to raise $6.5bn at a valuation of $150bn, which will cement its position as one of the most valuable startups in ...
Dubai A groundbreaking collaboration between Abu Dhabi-based MGX, Microsoft, and BlackRock is set to redefine the landscape ...
The surge in demand for AI services is also putting pressure on energy providers across the US. Electricity consumption by AI ...
Microsoft and BlackRock are collaborating to put $30B investment to develop data centers for AI and the energy infrastructure ...
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