BlackRock and Microsoft are teaming up to invest in data centers and other infrastructure that supports artificial intelligence. The two companies said in a statement that the strategy, called the Global AI Infrastructure Investment Partnership, aims to attract $30 billion in private equity investment and use the funds to make investments of up to $100 billion.
The statement showed that infrastructure investment, including energy projects, will be mainly in the United States, and part of the funds will be deployed in U.S. partner countries.
"Mobilizing private capital to build artificial intelligence infrastructure such as data centers and energy projects will unlock trillions of dollars in long-term investment opportunities," BlackRock CEO Larry Fink said in a statement.
The companies are also working with Global Infrastructure Partners and Abu Dhabi’s MGX, which was established this year specifically to invest in artificial intelligence.
NVIDIA will leverage its expertise in AI data centers and factories to support the alliance. The chipmaker has invested heavily in developing software, networking and other technologies.