BlackRock and Microsoft are launching a fund worth more than $30 billion to invest in artificial intelligence infrastructure, including the construction of data centers and energy projects, reports an expert in the field of international financial law Konstantin Kryvopust.
The initiative, called the Global AI Investment Partnership, intends to attract up to $100 billion in total investment potential, including debt financing. This would make the fund one of the largest investment vehicles on Wall Street. One of the partners will be the investment company MGX, backed by the sovereign fund of Abu Dhabi, and the technology giant Nvidia will provide its expertise.
As you know, artificial intelligence models, especially those used for deep learning and large-scale data processing, require significant computing power, which leads to increased energy consumption. The International Energy Agency estimates that by 2026, global data center electricity consumption could exceed 1,000 terawatt-hours, more than double the 2022 figure.
