Abu Dhabi-backed investment firm MGX will be a partner in the fund, while Nvidia will provide expertise. (Image: REUTERS/Gonzalo Fuentes)
BlackRock e Microsoft (MSFT34) plan to launch a fund of more than $30 billion to invest in infrastructure artificial intelligencesuch as data centers and energy projects.
AI models, especially those used for large-scale learning and data processing, require high data processing power, which leads to higher energy consumption.
The computing requirements for AI have required tech companies to assemble thousands of chips to achieve the required amount of processing power, which has led to a surge in demand for these specialized hubs.
The investment vehicle, known as the Global AI Infrastructure Investment Partnership, aims to help improve AI supply chains and energy supply, BlackRock and Microsoft said.
MGX, an investment firm backed by Abu Dhabiwill be a partner of the fund, while Nvidia will provide experience.
The partnership will mobilize up to $100 billion in total investment potential when including debt financing, the companies said.
Investments will be made mainly in USA and the rest in their partner countries, according to the companies.