AXIOS March 21, 2025
Chipmakers, cloud providers, energy producers and AI companies are all flooring the pedal on infrastructure spending to support an AI-driven world that doesn’t yet exist.
Why it matters: Investors are placing hundred-billion-dollar bets that demand for AI is about to explode, while the technology has yet to persuasively demonstrate its mass consumer appeal or its business-efficiency benefits.
Driving the news: The AI Infrastructure Partnership announced Wednesday that it was adding Nvidia and xAI as new partners in its fund, which aims to build data centers and energy facilities supporting AI, mostly in the U.S.
- Microsoft, BlackRock and UAE-based MGX were already key investors in what was announced last September as a $30 billion fund that could be leveraged up...
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