Microsoft and BlackRock launch $30 billion fund to invest in artificial intelligence

Microsoft and asset management company BlackRock announced the launch of a new project. The fund aims to raise $30 billion to invest in artificial intelligence projectsThe partnership, which could result in an amount equivalent to R$162.5 billion at current prices, was announced on Tuesday (17).

The initiative, which could reach $100 billion (R$541.7 billion) in the future, is titled the Global Artificial Intelligence Infrastructure Investment Partnership (GAIIP), predicts contributions mainly in the United StatesPlans include building new data centers to “meet the growing demand for computing power,” according to the announcement.

There will also be improvements in the energy sector, which has suffered from advances in artificial intelligence, which will lead to a high demand for training and usability of robots, and this need is expected to increase even more in the coming years. In this context, the project addresses the following: creation of new energy sources to ensure supply of facilities.

“We are determined to achieve this” AI helps drive innovation and boost growth across all sectors of the economyGAIIP will help us realize this vision as we bring together financial and industry leaders to build the infrastructure of the future and power it sustainably,” Microsoft CEO Satya Nadella said in a statement.

Other related companies

The venture is joined by investment funds as well as Windows and BlackRock’s owner Global Infrastructure Partners (GIP) And MGXThe latter, backed by the UAE government, specializes in artificial intelligence and advanced technology.

Another related brand is Nvidia. He will support GAIIP with his experience in artificial intelligence data centers and sectors where smart vehicles have been used for a long time.The partnership also includes engagement with industry leaders to improve supply chains.

“Nvidia will use its expertise as a full-stack computing platform to support GAIIP The company’s CEO, Jensen Huang, stated that “and portfolio companies are involved in the design and integration of artificial intelligence industries to promote innovation” and provided information about participation in the project.