Microsoft, BlackRock Set Up $30B AI Infrastructure Fund Investing Mainly in US

Microsoft (MSFT) and BlackRock (BLK), the world's largest asset manager, announced plans to raise a $30 billion artificial intelligence (AI) infrastructure fund to build data centers and related energy projects mainly in the U.S. The two companies, together with investment companies Global Infrastructure Partners and MGX, will raise the initial private equity funding from investors, asset owners, and corporations. The grouping could then invest up to $100 billion when debt financing is included. The partnership, called the Global AI Infrastructure Investment Partnership (GAIIP), will invest in “new and expanded data...