Microsoft and Blackrock form group to invest billions in AI

Microsoft and Blackrock are headlining the Global Artificial Intelligence Infrastructure Investment Partnership, a new group aiming to mobilize $100 billion to invest in artificial intelligence.

The group, which also includes Global Infrastructure Partners and MGX, will invest in AI data centers and energy infrastructure to power these facilities. According to a press release, the investments will be “chiefly in the United States fueling AI innovation and economic growth, and the remainder will be invested in U.S. partner countries.”