Microsoft is joining BlackRock and other private equity investors in a new AI fund that aims to eventually raise $100 billion for data centers and their supporting power infrastructure.
BlackRock, Microsoft plan more than $30 billion fund to invest in AI: Financial Times
The Redmond-based megacorp today confirmed the Global AI Infrastructure Investment Partnership (GAIIP) alongside BlackRock, Global Infrastructure Partners (GIP) and MGX, which is based in the United Arab Emirates (UAE) and is led by a member of the Abu Dhabi royal family. .
The fund intends to invest in new bit barns and expand existing sites to meet ever-growing customer demand for computers, as well as sink money into energy infrastructure to provide new power sources for the facilities.
The deal will initially seek to raise $30 billion in private equity capital from investors, and the alliance ultimately hopes to take that figure to $100 billion in total, including debt financing.
