BlackRock and Microsoft intended to establish a fund with a value of over $30 billion to invest in artificial intelligence infrastructure for the construction of data centers and energy projects.
AI models need a lot of processing power, which increases energy consumption. This is especially true for deep learning and large-scale data processing.
The need for these specialized data centers has surged as a result of IT businesses having to connect together thousands of chips in clusters to reach the necessary amount of computing power for AI.
According to BlackRock and Microsoft, the Global AI Infrastructure Investment Partnership is an investment vehicle that intends to improve AI supply chains and energy sources.
The fund’s general partner will be the Abu Dhabi-backed investment firm MGX, while Nvidia, a manufacturer of AI chips, will contribute knowledge.
The cooperation has the potential to mobilize up to $100 billion in total investment when loan funding is included, as per BlackRock and Microsoft.
The majority of the investments will be made in the United States, with the remaining portion going to its partner nations, as per BlackRock and Microsoft.
Also read: Unveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity
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