{"id":26405,"date":"2024-09-17T21:50:06","date_gmt":"2024-09-17T21:50:06","guid":{"rendered":"http:\/\/108035519"},"modified":"2024-09-17T21:50:06","modified_gmt":"2024-09-17T21:50:06","slug":"microsoft-blackrock-form-group-to-raise-100-billion-to-invest-in-ai-data-centers-and-power","status":"publish","type":"post","link":"https:\/\/wp.worldtechguide.net\/microsoft-blackrock-form-group-to-raise-100-billion-to-invest-in-ai-data-centers-and-power\/","title":{"rendered":"Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power"},"content":{"rendered":"<p><span class=\"HighlightShare-hidden\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108005534\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Microsoft CEO Satya Nadella speaks during the company&#8217;s Build developer conference in Seattle on May 21, 2024.<\/p>\n<p>Jason Redmond | AFP | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><span class=\"waslinkname\">Microsoft<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\"><span class=\"waslinkname\">BlackRock<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power them.<\/p>\n<p>The companies are part of the Global AI Infrastructure Investment Partnership (GAIIP), which was <span class=\"waslinkname\">announced<\/span> in a press release on Tuesday. The other participants are Global Infrastructure Partners (GIP), an infrastructure investor that&#8217;s being acquired by BlackRock, and MGX, a tech investor in the United Arab Emirates. <\/p>\n<p>&#8220;We are committed to ensuring AI helps advance innovation and drives growth across every sector of the economy,&#8221; said Microsoft CEO <span class=\"waslinkname\">Satya Nadella<\/span>, in the statement. He said the initiative brings &#8220;together financial and industry leaders to build the infrastructure of the future and power it in a sustainable way.&#8221;<\/p>\n<p>The group aims to assemble $30 billion of initial capital, with a future goal of bringing in up to $100 billion, including from debt financing.<\/p>\n<p>Tech companies have been racing to build data centers full of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-5\"><span class=\"waslinkname\">Nvidia<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> graphics processing units (GPUs) that can run generative AI models such as those enabling OpenAI&#8217;s ChatGPT chatbot. Those GPUs consume <span class=\"waslinkname\">serious power<\/span>, and soaring demand has created a bottleneck for standing up new facilities.<\/p>\n<p>Microsoft&#8217;s investment comes on top of the capital expenditures needed to support infrastructure expansion for its Azure public cloud, which supplies OpenAI and other AI customers. Microsoft said in July that fiscal fourth-quarter capital spending, including assets acquired under finance leases, totaled $19 billion.<\/p>\n<p>In January BlackRock <span class=\"waslinkname\">announced<\/span> its intent to acquire GIP for $3 billion in cash and around 12 million shares of BlackRock common stock. BlackRock <span class=\"waslinkname\">said<\/span> last week that it expects the deal to close on Oct. 1.<\/p>\n<p>MGX was <span class=\"waslinkname\">launched<\/span> in March, with Abu Dhabi&#8217;s Mubadala and AI firm G42 as founding partners.<\/p>\n<p><strong>WATCH:<\/strong> <span class=\"waslinkname\">AI drives big tech power demand<\/span><\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108033453\">\n<div role=\"button\" id=\"Placeholder-ArticleBody-Video-108033453\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000351543\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/wp.worldtechguide.net\/wp-content\/uploads\/2024\/09\/microsoft-blackrock-form-group-to-raise-100-billion-to-invest-in-ai-data-centers-and-power.jpg\" alt=\"AI drives big tech power demand\"><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft CEO Satya Nadella speaks during the company&#8217;s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power &hellip;<\/p>\n","protected":false},"author":1,"featured_media":26406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"hashtags":[],"class_list":["post-26405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","has-thumb","has-featured"],"_links":{"self":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/26405"}],"collection":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/comments?post=26405"}],"version-history":[{"count":0,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/26405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media\/26406"}],"wp:attachment":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media?parent=26405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/categories?post=26405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/tags?post=26405"},{"taxonomy":"hashtags","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/hashtags?post=26405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}