Microsoft and BlackRock Form $100 Billion AI Investment Group

Microsoft, BlackRock, and others plan to raise up to $100 billion for investments in the development of data centers and energy infrastructure for AI.

“The $100 billion investment potential will enhance America’s competitiveness in artificial intelligence while simultaneously meeting the growing need for energy infrastructure to support economic growth,” the statement said.

BlackRock, Microsoft, investors Global Infrastructure Partners, and MGX announced the creation of the Global AI Infrastructure Investment Partnership (GAIIP). Nvidia will support the new organization by offering its expertise in AI data centers and factories.

In its initial phase, GAIIP aims to attract $30 billion in private capital from investors, asset owners, and corporations. This will “mobilize up to $100 billion in total investment potential, including debt financing.”

“We are committed to ensuring that AI drives innovation and stimulates growth across all sectors of the economy,” commented Microsoft CEO Satya Nadella.

Earlier, OpenAI was reported to be in talks to raise $6.5 billion at a valuation of $150 billion.

For such a high valuation, the company may need to alter its corporate structure.