BlackRock and its infrastructure arm, Global Infrastructure Partners (GIP), today announced a significant expansion of their AI investment program, now renamed the AI Infrastructure Partnership (AIP).
NVIDIA and Elon Musk’s xAI have joined the effort, led by BlackRock, GIP, Microsoft, and MGX. The partnership aims to invest in AI infrastructure, including next-generation data centers and energy solutions, to support the growing demand for artificial intelligence.
Originally announced in September 2024, AIP has since grown to unleash $30 billion in capital that can mobilize up to $100 billion of total investment with debt financing. The effort will prioritize developing AI-ready infrastructure across the U.S. and other partner nations for fast-paced AI growth through renewable energy solutions.
AIP has further aligned with GE Vernova and NextEra Energy to create dependable energy solutions for AI data centers. The firms will incorporate renewable energy, battery storage, and nuclear power to deliver the colossal electricity supply essential for AI use.
BlackRock Chief Executive Larry Fink stressed that AI will reshape the global economy, and this alliance brings technology proficiency together with private capital to build critical infrastructure.
NVIDIA CEO Jensen Huang emphasized that AI data centers will power economic growth and innovation in industries. Microsoft CEO Satya Nadella emphasized that AI infrastructure is the key to future industries and economies, while MGX Chairman Sheikh Tahnoon bin Zayed referred to AI as the cornerstone of the future.
With the inclusion of NVIDIA and xAI, AIP will accelerate the creation of AI infrastructure to provide state-of-the-art data centers and power solutions to power the next generation of artificial intelligence innovation.
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