BlackRock, MGX Make $40 Billion Bet on AI Boom With Aligned Data Centers Deal

Investors led by BlackRock Inc.’s Global Infrastructure Partners agreed to buy Aligned Data Centers in a $40 billion deal, one of the asset manager’s largest infrastructure investments ever that comes as Wall Street races to claim a stake in the artificial-intelligence boom.

MGX, an AI investment company established by sovereign wealth fund Mubadala Investment Co., will invest alongside GIP, according to a statement Wednesday that confirmed an earlier Bloomberg News report. The buyers are purchasing the company from Macquarie Asset Management, which made its first investment in Aligned in April 2018.