TechFlow reported, according to the UK's Financial Times, that BlackRock, the world's largest asset manager, is partnering with tech giant Microsoft to launch an artificial intelligence infrastructure investment fund exceeding $30 billion.
The fund, dubbed the Global AI Investment Partnership, is being launched by BlackRock together with its newly acquired infrastructure investment arm, Global Infrastructure Partners (GIP). Microsoft and Abu Dhabi-based investment firm MGX are participating as general partners, while chipmaker NVIDIA will provide technical advisory services.
The fund aims to raise up to $30 billion in equity investments, leveraging this capital to support an additional $70 billion in debt financing. In total, $100 billion will be allocated toward building data centers and energy projects to meet the massive power and digital infrastructure demands driven by AI.
