Microsoft (Microsoft), BlackRock (BlackRock) and the UAE investment entity MGX will join forces to create a $30 billion AI infrastructure fund, while Elon Musk (Elon Musk)'s AI company xAI has also officially joined the fund. As a leader in AI chips, Nvidia (Nvidia) will serve as the technical advisor for the fund.
Elon Musk's xAI joins the fray, aligning with Microsoft and BlackRock.
According to a Bloomberg report, this AI infrastructure fund was jointly announced at the end of 2023 by Microsoft, BlackRock, MGX, and Global Infrastructure Partners (, with plans to raise $30 billion in private capital and leverage it up to $100 billion.
On March 20, Musk's xAI officially joined the fund, with AI chip leader Nvidia ) serving as a technical advisor.
OpenAI internal beef, Microsoft and Musk are each developing AI.
Microsoft is currently the largest financial supporter of OpenAI, having invested approximately $13 billion, but it is still actively developing AI models to reduce its dependence on OpenAI. On the other hand, Elon Musk and OpenAI CEO Sam Altman have had a "beef" due to OpenAI's shift to a profit model, and in 2023, they founded xAI, which focuses on real AI to compete with OpenAI.
This time, xAI joining the AI Infrastructure Fund means that Musk's influence in the AI field will further expand, and the competition in AI is becoming more intense.
( Musk talks about DOGE, Grok 3 and OpenAI, from bureaucratic cuts to the ) of Dubai Loop's new project
AI's high energy consumption makes energy supply a key issue.
This $30 billion investment is primarily directed towards AI infrastructure in the United States, including facilities such as AI servers and data centers, while also expanding to certain partner countries. As the demand for AI computing skyrockets, energy supply has also become a focal point of concern across various sectors.
To address the high energy consumption demands of AI data centers, the fund has received collaborative support from energy providers NextEra Energy and GE Vernova to jointly develop more scalable and diversified solutions. Bloomberg statistics predict that the global power consumption of AI-related data centers will exceed 1580 terawatt-hours (TWh) by 2034, which can be likened to the current electricity consumption of the entire India, posing a challenge to the global power grid.
( The demand for artificial intelligence has surged, and there is a global energy crisis. The United States has been surpassed by China in the field of nuclear fusion ).
The UAE gold fund MGX is driven by connections with U.S. AI policies.
Behind this massive AI investment plan, MGX from the UAE is also one of the key drivers, having invested in OpenAI and also in xAI, and even participating in Donald Trump's $100 billion AI project StarGate.io.
This week, the helm of MGX, UAE National Security Advisor Sheikh Tahnoon, personally met with Trump to discuss the UAE's technology and energy investment plans in the United States, indicating that AI has become the core battlefield of global political and economic competition.
(The UAE is frantically acquiring NVIDIA chips! Senior officials are actively visiting the US, hoping to relax AI chip procurement restrictions)
The AI infrastructure competition is upgrading, with institutions and corporate investors actively positioning themselves.
As the AI investment craze heats up, major companies and institutional investors around the world are positioning themselves. BlackRock CEO Larry Fink stated that global retirement funds, insurance companies, and other long-term capital are very interested in AI infrastructure projects, and more investors will join in the future.
Currently, companies such as Microsoft and BlackRock have decided to rename this AI fund to AI Infrastructure Partnership (AI Infrastructure Partnership, AIP), and continue to expand infrastructure investments to ensure the vast resources needed for the development of the AI industry.
( BlackRock's Larry Fink: The AI wave is driving up energy costs, China is developing a 100 GW nuclear power plan to surpass the United States )
This article announces the launch of a $30 billion AI infrastructure fund! Led by Microsoft, BlackRock, and MGX, Elon Musk's xAI and Nvidia join the battle. First appeared on Chain News ABMedia.
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300 billion AI infrastructure fund is here! Microsoft, BlackRock, and MGX lead the charge, with Musk's XAI and Nvidia joining the fray.
Microsoft (Microsoft), BlackRock (BlackRock) and the UAE investment entity MGX will join forces to create a $30 billion AI infrastructure fund, while Elon Musk (Elon Musk)'s AI company xAI has also officially joined the fund. As a leader in AI chips, Nvidia (Nvidia) will serve as the technical advisor for the fund.
Elon Musk's xAI joins the fray, aligning with Microsoft and BlackRock.
According to a Bloomberg report, this AI infrastructure fund was jointly announced at the end of 2023 by Microsoft, BlackRock, MGX, and Global Infrastructure Partners (, with plans to raise $30 billion in private capital and leverage it up to $100 billion.
On March 20, Musk's xAI officially joined the fund, with AI chip leader Nvidia ) serving as a technical advisor.
OpenAI internal beef, Microsoft and Musk are each developing AI.
Microsoft is currently the largest financial supporter of OpenAI, having invested approximately $13 billion, but it is still actively developing AI models to reduce its dependence on OpenAI. On the other hand, Elon Musk and OpenAI CEO Sam Altman have had a "beef" due to OpenAI's shift to a profit model, and in 2023, they founded xAI, which focuses on real AI to compete with OpenAI.
This time, xAI joining the AI Infrastructure Fund means that Musk's influence in the AI field will further expand, and the competition in AI is becoming more intense.
( Musk talks about DOGE, Grok 3 and OpenAI, from bureaucratic cuts to the ) of Dubai Loop's new project
AI's high energy consumption makes energy supply a key issue.
This $30 billion investment is primarily directed towards AI infrastructure in the United States, including facilities such as AI servers and data centers, while also expanding to certain partner countries. As the demand for AI computing skyrockets, energy supply has also become a focal point of concern across various sectors.
To address the high energy consumption demands of AI data centers, the fund has received collaborative support from energy providers NextEra Energy and GE Vernova to jointly develop more scalable and diversified solutions. Bloomberg statistics predict that the global power consumption of AI-related data centers will exceed 1580 terawatt-hours (TWh) by 2034, which can be likened to the current electricity consumption of the entire India, posing a challenge to the global power grid.
( The demand for artificial intelligence has surged, and there is a global energy crisis. The United States has been surpassed by China in the field of nuclear fusion ).
The UAE gold fund MGX is driven by connections with U.S. AI policies.
Behind this massive AI investment plan, MGX from the UAE is also one of the key drivers, having invested in OpenAI and also in xAI, and even participating in Donald Trump's $100 billion AI project StarGate.io.
This week, the helm of MGX, UAE National Security Advisor Sheikh Tahnoon, personally met with Trump to discuss the UAE's technology and energy investment plans in the United States, indicating that AI has become the core battlefield of global political and economic competition.
(The UAE is frantically acquiring NVIDIA chips! Senior officials are actively visiting the US, hoping to relax AI chip procurement restrictions)
The AI infrastructure competition is upgrading, with institutions and corporate investors actively positioning themselves.
As the AI investment craze heats up, major companies and institutional investors around the world are positioning themselves. BlackRock CEO Larry Fink stated that global retirement funds, insurance companies, and other long-term capital are very interested in AI infrastructure projects, and more investors will join in the future.
Currently, companies such as Microsoft and BlackRock have decided to rename this AI fund to AI Infrastructure Partnership (AI Infrastructure Partnership, AIP), and continue to expand infrastructure investments to ensure the vast resources needed for the development of the AI industry.
( BlackRock's Larry Fink: The AI wave is driving up energy costs, China is developing a 100 GW nuclear power plan to surpass the United States )
This article announces the launch of a $30 billion AI infrastructure fund! Led by Microsoft, BlackRock, and MGX, Elon Musk's xAI and Nvidia join the battle. First appeared on Chain News ABMedia.