US fund manager BlackRock, investment fund Global Infrastructure Partners (GIP), Microsoft and MGX have teamed up to launch a fund that will invest in data centers and supporting energy infrastructure, all related to AI, with the ultimate goal of unlocking $30 billion (€26.936 billion) in capital.
Specifically, last Tuesday, these companies announced the launch of the 'Global AI Infrastructure Investment Partnership' (GAIIP) to invest in new and expanded data centers to meet the “growing” demand for energy, as well as energy infrastructure to create new power sources for these facilities.
As Neosmart has learned from Microsoft, the infrastructure investments will mainly be made in the United States, which will give a boost to the economic growth of artificial intelligence after countries such as India and China are increasingly investing in the development of these technologies. However, there will also be investments outside the borders of the US, but always with partners from the land of the stars and stripes.
This investment fund, which was born with the idea of supporting an open architecture and a broad ecosystem that is not exclusive in order to diversify both partners and companies, will also have the support of Nvidia, the microchip and graphics card manufacturer, while this new partnership will work with industry leaders to improve AI supply chains and energy supply for the benefit of their customers and the industry.
Initially, the data center and energy infrastructure investment vehicle will seek to mobilize $30 billion (€26.936 billion) in private capital from investors, asset owners and corporations, which in turn will mobilize a total investment potential of up to $100 billion (€89.778 billion) when debt financing is included.
GAIIP combines “deep” infrastructure and technology expertise to drive the efficient scaling of data centers with investment capabilities in energy, power and decarbonization to create the appropriate infrastructure for AI.
