Microsoft and investment powerhouse BlackRock on Tuesday said they have teamed up to raise as much as $100 billion for data centers and infrastructure to power artificial intelligence.
The alliance includes Global Infrastructure Partners and the advanced technology investment firm MGX, created in Abu Dhabi this year, according to a joint release.
"We are committed to ensuring AI helps advance innovation and drives growth across every sector of the economy," said Microsoft chief executive Satya Nadella.
"The Global AI Infrastructure Investment Partnership will help us deliver on this vision."
Microsoft has invested heavily in artificial intelligence, including pouring more than $10 billion into ChatGPT-maker OpenAI.
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