The fund will finance data centers and energy projects. The increasing use of AI models, especially deep learning and processing large amounts of data, requires a lot of computing power and consumes a lot of energy, according to Reuters, which is why tech companies are turning to clusters of thousands of chips, driving up demand for dedicated data centers.
Major companies, including Nvidia, will be invited to participate in the fund. MGX will be the general partner of the fund, with Nvidia as one of the underwriters. The partnership will help to attract a total investment potential of up to $100 billion. Investments will be made primarily in the United States and partner countries.
Source: Ferra
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