PYMNTS.com September 17, 2024
A new artificial intelligence (AI) partnership that includes Microsoft and BlackRock aims to mobilize up to $100 billion in total investment potential for data centers and sources of power for those facilities.
The Global AI Infrastructure Investment Partnership (GAIIP) includes Microsoft; BlackRock; Global Infrastructure Partners (GIP), which is an infrastructure investor that is set to be acquired by BlackRock on Oct. 1; and MGX, which is a technology investment company focused on partnerships in the United Arab Emirates (UAE) and globally, the companies said in a Tuesday (Sept. 17) press release.
The partnership will initially seek to unlock $30 billion of private equity capital over time and then mobilize up to $100 billion in total investment potential, including debt financing,...
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