Featured
- Get link
- X
- Other Apps
Microsoft and Blackrock form a group to raise $100B for AI investments
Microsoft and BlackRock lead a $100 billion initiative to build AI data centers.
A consortium of tech and financial giants, including Microsoft, BlackRock, Global Infrastructure Partners (GIP), and MGX, has announced the Global Artificial Intelligence Infrastructure Investment Partnership (GAIIP). This initiative aims to raise up to $100 billion to develop data centers and the necessary energy infrastructure to support artificial intelligence (AI) advancements.
Microsoft CEO Satya Nadella emphasized the importance of AI in driving innovation and economic growth across industries. He stated, "We are committed to ensuring AI helps advance innovation and drives growth across every sector of the economy." The GAIIP aligns with this vision by investing in the essential infrastructure needed to power AI development.
The partnership plans to initially gather $30 billion in capital, with the potential to increase this amount to $100 billion through debt financing. This significant investment underscores the growing demand for AI capabilities and the associated infrastructure requirements.
As AI models like OpenAI's ChatGPT become increasingly sophisticated, the need for powerful data centers equipped with NVIDIA GPUs has surged. These data-intensive workloads require substantial energy consumption, creating a bottleneck in the expansion of AI infrastructure.
Microsoft's participation in the GAIIP complements its ongoing investments in Azure, its public cloud platform that serves AI customers including OpenAI.
- Get link
- X
- Other Apps
Popular Posts
Windows laptops and PCs now would have a COPILOT key
- Get link
- X
- Other Apps
Jeep is going for a turnaround plan post sales decline
- Get link
- X
- Other Apps
Comments
Post a Comment