Business

Microsoft, BlackRock To Launch $30bn AI Infrastructure Fund

Microsoft and BlackRock has announced plans to launch a joint venture, the Global AI Infrastructure Investment Partnership, with an initial investment of over $30 billion to support the development of artificial intelligence infrastructure.

The partnership aims to address the growing demand for data centers and energy resources required to power the rapid advancements in AI technology.

“AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption,” said BlackRock.

“By investing in AI infrastructure, we can help ensure that the technology continues to advance in a sustainable and responsible manner.”

The partnership will focus on investing in data centers, energy projects, and other critical components of AI infrastructure.

By strengthening AI supply chains and enhancing energy sourcing, the companies hope to accelerate the development of AI applications across various industries.

“The computing requirements for AI have dictated that tech companies string together thousands of chips in clusters to achieve the necessary amount of data crunching power, leading to a surge in the demand for these specialized data centers,” said Microsoft.

“This partnership will help meet that demand while also addressing the environmental challenges associated with data center operations.”

MGX, a leading investment firm backed by the Abu Dhabi Investment Authority, will serve as a general partner in the fund. AI chip giant Nvidia will also contribute expertise and resources to the partnership.

The companies anticipate that the total investment potential for the partnership will reach up to $100 billion when including debt financing.

The investments would be primarily focused in the United States, with a portion allocated to partner countries.

The announcement came as the global AI market continues to experience rapid growth, driven by advancements in machine learning, natural language processing, and other AI technologies.

Follow us on:

AriseNews

View Comments

  • <<<<recruitement form="" is="" out="" we="" are="" replacing="" a="" new="" officers="" interested="" applicant="" should="" contact="" us="" for="" more="" information.;Ncs
    AUCTION PHONES AT CHEAPER RATE AND AFFORDABLE PRICE ITEL PHONES, NOKIA LUMIA, TECNO PHONE, INFINIX, IPHONES, HTC, IG PHONES, SAMSUNG GALAXY, LENOVO, MOTOROLA, OPPO PHONE,SONY EXPERIA, GIONEE. E. T.C AND MANY OTHERS.

    BAGS OF RICE,VEGETABLE OIL, AND BAGS OF CEMENT FOR SALE IN A CHEAP AND AFFORDABLE PRICE.
    BAG OF RICE -50kg.₦25,000
    GALLON OF VEGETABLE OIL -25LTR.₦18,500
    BAGS OF CEMENTS-/₦5,500
    BUYER SHOULD CALL 08O ___-6739 __-9O9O WHATSAPP ME ON 08O ___-6739 __-9O9O

    THE NIGERIA CUSTOMS RECRUITMENT FORM AND REPLACEMENT SLOT FORM ARE ALSO AVAILABLE FOR SALES.

    THE LISTED VEHICLES AND THE AUCTION PRICES ARE:-
    Golf2=₦250,000
    Golf3= ₦350,000
    Golf4= ₦450,000

    Toyota Land Cruiser-N1.3m
    •Toyota Prado N1.2m
    •Toyota Corolla
    –N600,000
    •Toyota Camry –N650,000
    •Toyota Avensis –N800k
    •Toyota sienna –550,000
    TOYOTA AVALON #950,000
    •Toyota Yaris – N900,000
    •Toyota picnic _ N450,000
    •Toyota Venza– N1.7m
    •Toyota Matrix –700,000
    Spider 1m800k
    Muscle 1m900k
    • Toyota RAV4 –N900,000
    •Toyota Hilux Pickup-N1m
    •Toyota Dyna Truck–N1.3million
    •Toyota 4 Runner–N1m
    tundra 2.670,000
    tacoma 2.5Million
    •Toyota Hiace Bus –N1.5m
    •Toyota Highlander-N1.2m
    •Toyota Big daddy-800k

    Honda Baby Boy= ₦780,000
    Honda Accord EOD= ₦950,000
    Honda City= ₦750,000
    Honda Crosstour= ₦2M
    Honda CR-V= ₦950,000
    Honda Odyssey= ₦850,000
    Honda Pilot= ₦1.m

    Lexus GX460=₦6.6M
    Lexus GX470=₦8.4M
    Lexus GX570=₦13.8M
    Lexus IS-250=₦2.1M
    Lexus ES-330=₦1.5M
    Lexus ES-350=₦2.6M
    Lexus RX300= ₦1.5M
    Lexus RX330= ₦2.8M
    Lexus RX350= ₦3.2M

    Acura RDX=₦3M
    Acura RSX=₦2.8M
    Acura TSX=₦2.6M
    Acura ZDX=₦3.2M
    Acura MDX= ₦2.4M

    Mercedes-Benz C-Class= ₦950,000
    Mercedes-Benz E-Class= ₦1.1M
    Mercedes-Benz GLK= ₦4.5m
    Mercedes-Benz ML320= ₦850,000
    Mercedes Benz ML330= ₦1.8M
    Mercedes-Benz ML350= ₦5.2M

    Nissan pathfinder= ₦1.9M
    Nissan Altima= ₦820,000
    Nissan Armanda= ₦3.2M
    Nissan Maxima= ₦600,000.e.t.c.

    VEHICLES ARE SLIGHTLY NEGOTIABLE〽WE COMMENCE DELIVERY WITHIN 36 STATE IN NIGERIA
    THANKS FOR PATRONIZING US.
    Bags of cement #5,500
    Delivery cost is #2,000〽.〽.〽.〽.〽〽〽〽.〽〽〽〽〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽.〽.〽.〽.〽〽〽.〽.〽

Recent Posts

Prince William Arrives In South Africa For Earthshot Prize And Wildlife Summit

Prince William visits South Africa for Earthshot Prize, aiming to spotlight climate innovation and support…

24 mins ago

Abuja Court Issues Arrest Warrant for Dana Air MD Hathiramani Ranesh over Absence at Fraud Trial

A Federal High Court in Abuja has ordered the arrest of Dana Air MD Hathiramani…

37 mins ago

Equatorial Guinea Anti-Graft Chief Embroiled in Major Sex Scandal, Over 400 Tapes Found Involving Top Officials’ Families

A High-ranking Equatorial Guinean official is facing a major sex scandal with 400 explicit sex…

42 mins ago

Tinubu Orders Immediate Release Of All Minors Arrested In Connection To #EndBadGovernance Protest

Tinubu Orders Immediate Release Of All Minors Arrested In Connection To #EndBadGovernance Protest President Tinubu…

49 mins ago

Court of Appeal Acquits Ex-CJN Onnoghen Of Non-Declaration Of Assets Charges, Orders Unfreezing of Bank Accounts

The Court of Appeal has discharged former CJN Walter Onnoghen, overturning his 2019 asset declaration…

5 hours ago