Microsoft, BlackRock, and Nvidia Join Forces with Abu Dhabi’s MGX for a $30 Billion AI and Data Infrastructure Investment Drive

Microsoft and BlackRock are targeting a $30 billion investment in artificial intelligence with Abu Dhabi's MGX. The Global AI Infrastructure Investment Partnership, also featuring Nvidia, plans to allocate funds towards data storage and energy-related initiatives.

These firms, in partnership with the United Arab Emirates' investment entity MGX, intend to raise $30 billion in private equity funds gradually for this approach. The plan is to then use this capital to potentially generate up to $100 billion in investments, as revealed by the companies on Tuesday.

"Establishing data centres worldwide requires financing of multiple trillions of dollars," said Larry Fink, CEO of BlackRock, in a discussion. He further stated that the formation of the Global AI Infrastructure Investment Partnership has been underway for several months. "This perfectly illustrates how capital markets contribute to the development of infrastructure, opportunities, and emerging technologies."

The majority of the infrastructure funding, which encompasses energy initiatives, will be allocated within the United States. A certain sum, however, will be utilized in countries allied with the U.S, according to the companies' announcement. The strategy involves attracting more investors, and pensions and insurance companies are showing keen interest in these enduring infrastructure projects, as stated by Fink.

"He expressed confidence that gathering the funds wouldn't be a challenging endeavor."