PYMNTS.com March 19, 2025
Elon Musk’s xAI and chipmaker Nvidia have joined a $30 billion artificial intelligence (AI) infrastructure project.
The AI Infrastructure Fund, backed by BlackRock, Microsoft and Abu Dhabi AI investment group MGX, announced the two-high profile sign-ups Wednesday (March 19), noting that their ultimate goal was to raise up to $100 billion for artificial intelligence (AI) development.
“The global buildout of AI infrastructure will benefit every company and country that wants to achieve economic growth and unlock solutions to the world’s greatest challenges,” Jensen Huang, founder and CEO of Nvidia, said in the announcement.
“AI factories built on Nvidia full-stack AI infrastructure will convert data into intelligence that will accelerate every industry and help society achieve unimaginable breakthroughs,” he added.
Microsoft...
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