Amber Hickman |
Microsoft, BlackRock, Global Infrastructure Partners (GIP) and MGX have launched the Global AI Infrastructure Investment Partnership (GAIIP) to make investments in data centres and encourage innovation in artificial intelligence.
The partnership will initially seek to unlock $30 billion of private equity capital from investors, asset owners and corporations, with the aim of mobilising up to $100 billion in total investment potential. Nvidia will also support GAIIP and offer its expertise in AI data centres and factories.
The group will primarily invest in infrastructure in the USA to meet the growing demand for computing power and fuel economic growth and developments in AI, whilst the remainder will be invested in US partner countries.
“We are committed to ensuring AI helps advance innovation and drives growth across every sector of the economy,” said Satya Nadella, chairman and CEO of Microsoft, in a recent Microsoft blog. “The Global AI Infrastructure Investment Partnership will help us deliver on this vision, as we bring together financial and industry leaders to build the infrastructure of the future and power it in a sustainable way.”