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Microsoft, BlackRock to launch $30 bln fund for AI infrastructure

 Published: 11:45, 18 September 2024

Microsoft, BlackRock to launch $30 bln fund for AI infrastructure

BlackRock, opens new tab and Microsoft, opens new tab plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday.

AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption.

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