BlackRock, Microsoft AI Partnership Raises $12.5 Billion So Far
A Microsoft store in New York.
Photographer: Victor J. Blue/BloombergBlackRock Inc. has raised $12.5 billion as part of a partnership with Microsoft Corp. to bankroll data centers and energy infrastructure, advancing its efforts to cash in on the artificial intelligence boom.
The fundraise brings BlackRock closer to a $30 billion money-raising goal laid out when it announced the partnership in 2024.