BlackRock, Microsoft, Nvidia, Blackstone and the Future of Global AI Infrastructure Investment; The astonishing surge of AI investment continues: Blackstone spends $16B in APAC to buy AirTrunk, while BlackRock puts down $30B to furnish its far-reaching GAIIP data center ambitions globally and especially in the U.S.

9/30/2024

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Data Center Frontier

• Subcategory: Industrial: Data Centers

• Tag: Business: Insights | Expansion | Operations

• Additional Filters-Subcategory: Industrial: Infrastructure

• Company: BlackRock (NYSE: BLK), Blackstone Group (NYSE: BX), Microsoft (NASDAQ: MFST)

An alliance between BlackRock, Microsoft, Global Infrastructure Partners (GIP) and MGX was announced in September 2024 with a goal of building the backbone of future AI infrastructure.

The new Global AI Infrastructure Investment Partnership (GAIIP) announced that it planned to raise $80 billion to $100 billion to build data centers and, perhaps more importantly, the supporting grid energy infrastructure to power them.

Starting in the United States, the alliance has clear ambitions to operate globally. An initial $30 billion of private equity capital announced by GAIIP is planned to be raised by investors, corporations and asset owners, with a goal of enabling an increase to $100 billion, which can include debt financing.