Microsoft and BlackRock want to raise $100 billion to 'emancipate themselves from the shackles' of insufficient power and increase data centers for their ambitious AI dreams

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What you need to know

• Microsoft and BlackRock have partnered to raise $30 billion to satisfy their AI needs, including new data centers and sufficient power supply.
• BlackRock's CEO admits AI efforts are expensive and could require multi-trillions of dollars to finance when building data centers worldwide.
• Microsoft CEO Satya Nadella says the initiative will expedite gathering resources to "build the infrastructure of the future and power it in a sustainable way."