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.
OpenAI seeks to raise $6.5bn at a valuation of $150bn, which will cement its position as one of the most valuable startups in ...
First 30 billion, then 100 billion US dollars in total capital – That's how much money an alliance led by Microsoft wants to ...
Dubai A groundbreaking collaboration between Abu Dhabi-based MGX, Microsoft, and BlackRock is set to redefine the landscape ...
The companies, along with the United Arab Emirates’ MGX investment vehicle, will seek US$30 billion of private equity capital over time for the strategy, which will then leverage the money to as ...
United Arab Emirates-based artificial intelligence company G42 has teamed up with U.S. chipmaker Nvidia to work on climate ...
Microsoft and BlackRock are collaborating to put $30B investment to develop data centers for AI and the energy infrastructure ...
OpenAI's New Friend? Abu Dhabi's Investment Firm MGX Eyes Chip Collaboration: Report WTO Meeting In Abu Dhabi Focuses On Modest Outcomes Amid 'Tough Time': 'Not In Dreamland' OpenAI's New ...
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