“Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power”
September 19, 2024
“The Global Artificial Intelligence Infrastructure Investment Partnership is initially looking to raise $30 billion for new and existing data centers.
The fundraising, which could total $100 billion, will also be used to invest in the energy infrastructure needed to power AI workloads.
Microsoft CEO Satya Nadella said the initiative brings “together financial and industry leaders to build the infrastructure of the future and power it in a sustainable way.”…”