BlackRock, Microsoft to Raise $30 Billion for AI Investments

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BlackRock, Microsoft to Raise $30 Billion for AI Investments
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BlackRock Inc. and Microsoft Corp. are teaming up to invest in data centers and other infrastructure supporting artificial intelligence.

Tyler Radke, director and lead equity research analyst responsible for covering Global Software Citi, and Doug Clinton, co-founder and managing partner at Deepw

The infrastructure investments — including energy projects — will be mostly in the US, with a portion of the funds being deployed in US partner countries, according to the statement. Nvidia Corp. will support the coalition with its expertise in AI data centers and factories. The chipmaker has poured money into creating software, networking and other pieces of technology that it says are essential to quickly putting together complete AI-systems.

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