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| Science & Technology |
| The ‘Next AI Trade’ Plays Out: Microsoft And BlackRock Join Forces On $30 Billion AI Infrastructure Fund |
| 2024-09-20 |
| [ZeroHedge] As we have been writing for the better part of the last year, the next AI trade continues to look like it's going to be energy. And now, both BlackRock and Microsoft are making it known that they understand this, too. Yesterday it was reported that the two industry giants are prepping the launch of a $30 billion AI investment fund that'll see Microsoft build data centers and energy projects to meet the demands of AI, according to the Financial Times. BlackRock’s new infrastructure investment unit, Global Infrastructure Partners, is launching a major investment fund with Microsoft and Abu Dhabi’s MGX as general partners. Nvidia will provide advisory on factory design and integration. The FT wrote that the partnership aims to tackle the massive power and infrastructure needs of AI development, which is expected to strain current energy systems. AI’s computing demands far exceed past technologies. The partnership seeks to raise up to $30bn in equity, with plans to leverage an additional $70bn in debt. In a statement, Larry Fink said: “Mobilizing private capital to build AI infrastructure like data centers and power will unlock a multitrillion-dollar long-term investment opportunity.” Brad Smith, Microsoft’s president, added: “The country and the world are going to need more capital investment to accelerate the development of the AI infrastructure needed. This kind of effort is an important step.” Related: BlackRock 09/17/2024 The Score Is Currently Two to Nil. Both Crooks and Routh Were Apparently in BlackRock Commercials in 2022(?). Or Maybe Not, According to Snopes, et al. BlackRock 08/28/2024 Harley-Davidson failed at 'Business 101' as 'elitist jerks' rule boardrooms, says former Levi's exec BlackRock 08/12/2024 Did the WEF force Harley Davidson to go Woke? Related: Microsoft 09/04/2024 Trump assassination attempt: Whistleblowers claim that they were 'woefully unprepared' to provide security Microsoft 09/02/2024 Apple in Talks to Invest in OpenAI as Part of Multibillion-Dollar Funding Round Microsoft 08/25/2024 Meta warns US campaigns to be wary after blocking Iran-linked hackers on WhatsApp |
| Posted by:Skidmark |
| #1 Control main objective. Just another arm of neocon control efforts. Black-Rock is purchasing lands of Ukraine now (world food supplies next leveraging tool). Who really is in charge?. |
| Posted by: Dale 2024-09-20 07:14 |