BlackRock, Microsoft to Raise $30 Billion for AI Investments

Infrastructure investments will be located mostly in the US
Nvidia will provide its expertise with data centers, factories

WATCH: Microsoft and BlackRock are teaming up to invest in data centers and other infrastructure supporting AI. Bloomberg Intelligence’s Mandeep Singh shares his views.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Silla Brush and Dina Bass

September 17, 2024 at 8:22 PM UTC

Updated on

September 17, 2024 at 11:19 PM UTC

This article is for subscribers only.

BlackRock Inc. and Microsoft Corp. are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence.

The companies, along with the United Arab Emirates’ MGX investment vehicle, will seek $30 billion of private equity capital over time for the strategy, which will then leverage the money to as much as $100 billion in potential investments, the companies announced Tuesday.