BlackRock and Microsoft Launch $100 Billion AI Infrastructure Initiative
BlackRock and Microsoft have announced a significant new partnership aimed at boosting AI infrastructure with a commitment to raise an initial $30 billion, as part of a larger goal of a $100 billion fund. This initiative seeks to develop data centers and power infrastructure essential for advancing artificial intelligence technology. The collaboration, which also includes other prominent investors, underscores a united effort to drive innovation and economic growth in the AI sector.