GAIIP Fund：BlackRock, Microsoft Launch $100 Billion

BlackRock, Microsoft, Global Infrastructure Partners (GIP), and MGX have announced the establishment of the Global AI Infrastructure Investment Partnership (GAIIP), a new fund aimed at supporting the rapidly growing artificial intelligence (AI) industry. The partnership seeks to raise an initial $30 billion in equity capital, with the potential to leverage up to $70 billion in additional investments through debt financing, for a total investment capacity of $100 billion.

The primary focus of the fund will be on constructing new data centers and expanding existing ones to meet the surging demand for AI technologies. These investments will be concentrated in the United States, with additional funding directed toward key international partner countries.

https://switchgear-magazine.com/tm-news/business/blackrock-microsoft-launch-100-billion-fund-for-ai-and-energy-infrastructure/