AI Investment News: Microsoft and BlackRock Collaborate on a Major Fund
AI Infrastructure Investment
In a groundbreaking move, Microsoft and BlackRock, alongside Abu Dhabi’s investment vehicle, are joining forces to raise a staggering $100 billion. Their goal is to channel these funds into building AI data centers crucial for powering the next generation of artificial intelligence technology.
Initial Fundraising Strategy
Initially, they aim to secure $30 billion to kick-start their venture, which highlights a strong commitment to advancing AI infrastructure. The significance of this investment cannot be overstated, as it sets a precedent in the industry.
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