BlackRock and Microsoft have partnered to launch a $30 billion AI infrastructure fund to address the growing energy demands of artificial intelligence.
As we have been writing for the better part of the last year, the next AI trade continues to look like it's going to be energy. And now, both BlackRock and Microsoft are making it known that they understand this, too. Yesterday it was reported that the two industry giants are prepping the launch of a $30 billion AI investment fund that'll see Microsoft build data centers and energy projects to meet the demands of AI, according to the Financial Times.
” Jensen Huang of Nvidia added “Accelerated computing and generative AI are driving a growing need for AI infrastructure for the next industrial revolution.” The upcoming fund is the latest by a major asset manager to address the rising energy needs of generative AI and cloud computing. Earlier this year, Microsoft committed $10bn to renewable energy projects with Brookfield Asset Management and aims for 100% zero-carbon energy by 2030, the Financial Times concluded.
Artificial Intelligence Energy Infrastructure Investment Blackrock Microsoft Nvidia Data Centers Renewable Energy