BlackRock, Microsoft, UAE to Invest Up to $100 Billion in AI Infrastructure

BlackRock, Microsoft, and the UAE`s MGX are partnering to invest in AI infrastructure. They aim to raise $30 billion from private equity, potentially leveraging it to $100 billion. The focus is on data centers and energy projects, primarily in the US and partner countries. The partnership includes Global Infrastructure Partners, Nvidia, and aims to attract additional investors like pensions and insurers. The initiative addresses the massive funding needed for AI infrastructure, viewed as crucial for future economic growth across sectors. Microsoft, already heavily invested in AI, highlights the need for more data centers and computing power to meet demand.