BlackRock and Microsoft to launch $30 billion artificial intelligence investment fund

According to Mars Finance, the Financial Times quoted people familiar with the matter as saying that BlackRock is planning to launch an artificial intelligence investment fund of more than $30 billion with technology giant Microsoft, which will build data centers and energy projects to meet the growing demand for electricity and infrastructure for artificial intelligence. BlackRock will launch this fund with its new infrastructure investment unit Global Infrastructure Partners, which will become one of the largest investment vehicles in Wall Street history. Microsoft and Abu Dhabi-backed investment company MGX are general partners of the fund. People familiar with the matter also said that chipmaker Nvidia will provide expertise. According to people familiar with the matter, the investment vehicle aims to address the huge demand for electricity and digital infrastructure to build artificial intelligence products. The computing power of artificial intelligence requires more energy than previous technological innovations, and the existing infrastructure is expected to face serious capacity bottlenecks in the next few years.