Abu Dhabi, MGX and BlackRock
AI’s hungry maw drives massive $100B investment plan by Microsoft and BlackRock
Microsoft's venture partners are notable for their deep pockets. BlackRock manages trillions in assets globally, and MGX, formed earlier this year, represents Abu Dhabi's strategic push into AI investments, backed by substantial sovereign wealth from the United Arab Emirates.
Microsoft and Abu Dhabi's MGX to back $30bn BlackRock AI infrastructure fund
Run through BlackRock's Global Infrastructure Partners fund, which it acquired for $12.5bn earlier this year, the 'Global AI Investment Partnership,' plans to raise up to $30bn in equity investments. Another $70bn could come via leveraged debt financing.
BlackRock, Global Infrastructure Partners, Microsoft, MGX Launch AI Partnership
BlackRock, Global Infrastructure Partners, MGX and Microsoft will invest up to $100 billion expanding and building artificial-intelligence data centers.
Abu Dhabi's MGX teams up with BlackRock and Microsoft to raise up to $100bn for AI infrastructure
Abu Dhabi-based technology company MGX, BlackRock, Microsoft and Global Infrastructure Partners have launched an artificial intelligence infrastructure investment partnership that aims to mobilise up to $100 billion in investments to enhance the future of AI.
Microsoft, BlackRock, GIP, and MGX launch AI partnership
Microsoft, BlackRock, Global Infrastructure Partners (GIP), and the Emirati tech investment firm MGX have launched a new artificial intelligence (AI) partnership to boost US competitiveness in the field.
BlackRock, Microsoft & MGX plan to launch $30 billion AI fund
BlackRock and Microsoft are launching a $30 billion fund to tackle the infrastructure demands of AI advancements.
Abu Dhabi’s MGX, Microsoft, BlackRock partner to launch $30bn AI fund
MGX said the investments, which seek to fuel AI innovation and economic growth, will be chiefly in the US and the remainder in partner countries.
MGX, Microsoft, BlackRock, Global Infrastructure Partners launch new AI partnership to invest in data centres
The drive to develop more powerful AI capabilities will require significant infrastructure investment. Today, BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX announced the Global AI Infrastructure Investment Partnership (GAIIP), which aims to invest in new and expanded data cent...
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MGX, Microsoft, BlackRock seal new AI partnership deal
Leading global investment players - BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX - have joined ...
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Scott Dylan on Global Infrastructure Partners, BlackRock, Microsoft, and MGX Investment into AI Data Centers
In a landmark move, Global Infrastructure Partners, BlackRock, Microsoft, and MGX have announced the launch of the Global AI ...
Microsoft & Blackrock plan to sign $30 billion AI investment in UAE’s MGX to build data centres
The surge in demand for AI services is also putting pressure on energy providers across the US. Electricity consumption by AI ...
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BlackRock and Microsoft bet $30 billion on future of AI; Is MSFT a buy right now?
An apparent supergroup comprised of BlackRock, Nvidia, Microsoft, and others is planning to invest more than $30 billion in ...
UAE's AI firm G42 and Nvidia to team up on climate tech
United Arab Emirates-based artificial intelligence company G42 has teamed up with U.S. chipmaker Nvidia to work on climate ...
Raymond James Experts Say Edge AI Was A Key Catalyst For Arm Holdings (Updated)
We recently compiled a list of the 20 Trending AI Stocks on Latest News and Analyst Ratings. In this article, we are going to ...
America is ready to go big on AI infrastructure
A new, $30 billion fund from Microsoft and BlackRock, as well as a government task force, aim to tackle AI's data center ...
Rezolve AI Set To Ride The AI Wave - What's Going On?
Rezolve AI Limited (NASDAQ:RZLV) shares are trading higher on Thursday after the company commended Microsoft Corporation ...