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International Business Times
International Business Times
Business
Shreyashi Chakraborty

Microsoft, BlackRock join hands to raise $100 billion for AI data centers

BlackRock Microsoft Global Infrastructure Partners MGX Artificial Intelligence

Microsoft and BlackRock have partnered to amass $100 billion in funds for the development and expansion of data centers to support AI growth and the energy infrastructure needed to power these facilities.

According to a press release, the companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, or GAIIP, that seeks to address the growing demand for AI-powered data centers and sustainable energy infrastructure.

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