BlackRock and Global Infrastructure Partners announced a major expansion of their AI investment program, renamed the AI Infrastructure Partnership (AIP). NVIDIA and Elon Musk's xAI have joined the effort.
AIP Expansion Announcement
Originally announced in September 2024, the AI Infrastructure Partnership aims to invest in AI infrastructure. It focuses on creating next-generation data centers and energy solutions to support the growing demand for artificial intelligence.
Partnership Participants and Goals
NVIDIA and Elon Musk's xAI have joined the partnership. The main goal is to invest in AI infrastructure and develop solutions to support AI. AIP also aligns with GE Vernova and NextEra Energy to create dependable energy solutions for data centers, including renewable energy and nuclear support.
Key Executive Statements
BlackRock CEO Larry Fink emphasized that AI will reshape the global economy, and this alliance brings technology expertise together with private capital. NVIDIA CEO Jensen Huang highlighted that AI data centers will drive economic growth and innovation. Microsoft CEO Satya Nadella stressed the importance of AI infrastructure as key to future industries and economies. MGX Chairman Sheikh Tahnoon bin Zayed referred to AI as the cornerstone of the future.
The inclusion of NVIDIA and xAI will accelerate the creation of AI infrastructure, including state-of-the-art data centers and power solutions, to support the next generation of artificial intelligence innovation.
