BlackRock, Microsoft,others Launch $100 Bln AI Initiative To Boost Data Centers,Power Infrastructure
MGX was created in Abu Dhabi earlier this year to invest in AI and advanced technologies with global partners to enable the technology fabric of the global economy, focusing on AI infrastructure; AI-enabled technology; and semiconductors.
Microsoft and BlackRock Commit $30 Billion to AI Development, Powered by Nuclear Innovation
In a groundbreaking move, Microsoft and BlackRock are joining forces with a $30 billion investment over the next decade to drive advancements in artificial intelligence (AI). This massive investment not only highlights the growing significance of AI in global industries but also underscores the challenges of powering these cutting-edge systems.
Microsoft's venture partners are notable for their deep pockets. BlackRock manages trillions in assets globally, and MGX, ...
What you need to know Microsoft and BlackRock have partnered to raise $30 billion to satisfy their AI needs, including new ...
The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, and the other ...
The companies, along with the United Arab Emirates’ MGX investment vehicle, will seek $30 billion of private equity capital ...
The fund could be leveraged to spend as much as $100B to build data centers and energy projects to support AI.
Microsoft and BlackRock aim to launch a $30 billion fund for AI infrastructure with future plans for up to $100 billion in ...
Microsoft and BlackRock are teaming up to make a transformative impact on the future of artificial intelligence (AI). The two ...
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