Microsoft, BlackRock form group to raise $100 billion for AI data centers

“The capital spending needed for AI infrastructure and the new energy to power it goes beyond what any single company or government can finance,” said Brad Smith, vice chair and president of Microsoft, in a statement. “This financial partnership will not only help advance technology, but enhance national competitiveness, security, and economic prosperity.”

AI-oriented data centers have been the talk of the industry lately, with hyperscalers and startups alike looking to build data centers full of Nvidia GPUs that can run generative AI models, such chatbots like OpenAI’s ChatGPT. But those GPUs consume far more power than your typical data center, and they are already power constrained.

Nvidia announced it will support GAIIP, offering its expertise in AI data centers and AI factories to benefit the AI ecosystem. GAIIP will also engage industry leaders to help enhance AI supply chains and energy sourcing for the benefit of its customers and the industry, the group said.