It is said that Nvidia and xAI are uniting their efforts with BlackRock and Microsoft to establish a substantial $30 billion AI infrastructure fund.
This alliance, first revealed by BlackRock and Microsoft in September, is designed to financially support the creation of innovative data hubs that are vital for supporting AI-driven products. Currently, they are incorporating Nvidia, a prominent entity in the field of AI hardware, and Elon Musk’s xAI, an AI startup, into the collaboration, which is now recognized as the Artificial Intelligence Infrastructure Partnership (AIP).
GE Vernova and NextEra Energy are also participating, with a focus on creating a variety of energy options for these data centers. Exchange Highlights: Boeing Ascends, Tesla Advances, General Mills Declines
Although the consortium has not revealed the extent of the $30 billion goal that has been achieved since September, they have emphasized considerable interest from both investors and collaborators.
Larry Fink, the CEO of BlackRock, emphasized the partnership’s distinctive fusion of technological proficiency and private investment to satisfy the increasing need for AI infrastructure.
After a minor decrease, Nvidia’s stock experienced an increase in pre-market trading, while the stock values of Microsoft, BlackRock, GE Vernova, and NextEra remained largely consistent.
