Microsoft and BlackRock are collaborating with other companies to raise up to $100 billion for AI data centers and energy infrastructure development. The initiative aims to provide an initial $30 billion, with a future goal of $100 billion, including debt financing. The partnership includes Global Infrastructure Partners, which is being acquired by BlackRock, and MGX, a UAE-based tech investor. The partnership seeks to build and power AI data centers sustainably to meet the surging demand for generative AI technologies. The demand for data centers has skyrocketed, fueled by the popularity of Nvidia GPUs, which power AI models.
