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

According to Foresight News , the Financial Times cited 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, and 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 tools ever on Wall Street. Microsoft and Abu Dhabi-backed investment company MGX are general partners of the fund, and chipmaker Nvidia will provide expertise.