“The need to build out data centres globally is multi-trillions of dollars to finance,” BlackRock Chief Executive Officer Larry Fink said in an interview, adding that the Global AI Infrastructure Investment Partnership has been months in the making. “This is just a great example of the capital markets building out infrastructure and building out the opportunities and new technologies.”
BlackRock Inc. and Microsoft Corp. are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence (AI).
The companies, along with the United Arab Emirates’ MGX investment vehicle, will seek US$30 billion of private equity capital over time for the strategy, which will then leverage the money to as much as US$100 billion in potential investments, the companies announced Tuesday.
