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Title tag: MGX, Microsoft, BlackRock, GIP launch new AI deal for data centers

Meta: BlackRock, GIP, Microsoft and MGX reveal the Global AI Infrastructure Investment Partnership, which aims to invest in new and expanded data centers.

Tags: Technology

Author: Matt Smith

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Photo credit: WAM

Investment in the future of artificial intelligence (AI) has taken a step forward with the announcement of an infrastructure deal between some big hitters. 

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WAM has reported that BlackRock, Global Infrastructure Partners (GIP), Microsoft and MGX have revealed the Global AI Infrastructure Investment Partnership (GAIIP), which aims to invest in new and expanded data centers to meet the demand for computing power.

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This partnership will support full access on a non-exclusive basis for a diverse range of partners and companies. Nvidia will support GAIIP, offering its expertise in AI data centers and AI factories to benefit the AI ecosystem. 

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GAIIP will also engage with industry leaders to enhance AI supply chains and energy sourcing for the benefit of its customers and the industry. Investors BlackRock, GIP and MGX, an artificial intelligence and advanced technology investor, will team up with funding and expertise from Microsoft. 

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GAIIP combines expertise in infrastructure and technology to scale data centers efficiently, alongside energy, power and decarbonisation investment capabilities to enable AI-related infrastructure.

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Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of MGX, emphasized the importance of AI for the future of economies. 

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He said: "Artificial intelligence is not just an industry of the future - it underpins the future. Through this unique partnership, we will enable faster innovation, technological breakthroughs, and transformational productivity gains across the global economy. The investments we make today will secure a more sustainable, prosperous, and equitable future for all mankind."

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Larry Fink, Chairman and CEO of BlackRock, added: "Mobilizing private capital to build AI infrastructure, like data centers and power, will unlock a multi-trillion-dollar long-term investment opportunity. Data centers are the bedrock of the digital economy, and these investments will help power economic growth, create jobs, and drive AI technology innovation."

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Satya Nadella, Chairman and CEO of Microsoft, said, "We are committed to ensuring AI helps advance innovation and drives growth across every sector of the economy. The Global AI Infrastructure Investment Partnership will help us deliver on this vision, as we bring together financial and industry leaders to build the infrastructure of the future and power it in a sustainable way."

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MGX was created in Abu Dhabi earlier this year to invest in AI and advanced technologies with global partners to enable the technology fabric of the global economy, focusing on AI infrastructure, AI-enabled technology and semiconductors. 

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