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Data Center News > Blog > Global Market > Microsoft, BlackRock form group to raise $100 billion for AI data centers
Global Market

Microsoft, BlackRock form group to raise $100 billion for AI data centers

Last updated: September 23, 2024 12:49 am
Published September 23, 2024
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“The capital spending wanted for AI infrastructure and the brand new vitality to energy it goes past what any single firm or authorities can finance,” mentioned Brad Smith, vice chair and president of Microsoft, in an announcement. “This monetary partnership is not going to solely assist advance know-how, however improve nationwide competitiveness, safety, and financial prosperity.”

AI-oriented knowledge facilities have been the speak of the trade recently, with hyperscalers and startups alike seeking to construct knowledge facilities stuffed with Nvidia GPUs that may run generative AI fashions, such chatbots like OpenAI’s ChatGPT. However these GPUs eat much more energy than your typical knowledge heart, and they’re already energy constrained.

Nvidia introduced it’s going to assist GAIIP, providing its experience in AI knowledge facilities and AI factories to profit the AI ecosystem. GAIIP will even have interaction trade leaders to assist improve AI provide chains and vitality sourcing for the good thing about its prospects and the trade, the group mentioned.

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See also  2024’s Biggest Data Center Construction Stories: A Year in Review
TAGGED: billion, BlackRock, Centers, data, Form, Group, Microsoft, Raise
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