2024-09-18 09:21:21.AIbase.11.8k
Wall Street Giant BlackRock Bets $30 Billion on AI Future, Establishes World's Largest AI Fund
According to the Financial Times, BlackRock, one of the world's largest asset management companies, will collaborate with tech giant Microsoft and Abu Dhabi-backed investment firm MGX to launch a large AI fund exceeding $30 billion. The fund will primarily be used to build data centers and invest in energy infrastructure to meet the growing demand for AI computing. Additionally, chip giant NVIDIA will provide technical support for the fund to address the challenges posed by AI technology.