Microsoft and BlackRock to launch $30 billion fund for AI infrastructure

Microsoft and BlackRock to launch $30 billion fund for AI infrastructure

(Reuters) - BlackRock (NYSE:BLK ) is preparing to launch a more than $30 billion artificial intelligence investment fund with Microsoft (NASDAQ:MSFT ) to build data centers and energy projects to meet growing demands stemming from AI, the Financial Times reported on Tuesday, citing people briefed about the matter.

Source: Investing.com

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