$100 billion investment potential will enhance
American competitiveness in AI while meeting the growing need for
energy infrastructure to power economic growth
The drive to develop more powerful AI capabilities will require
significant infrastructure investment to support it. Today,
BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX
announced the Global AI Infrastructure Investment Partnership
(GAIIP) to make investments in new and expanded data centers to
meet growing demand for computing power, as well as energy
infrastructure to create new sources of power for these facilities.
These infrastructure investments will be chiefly in the United
States fueling AI innovation and economic growth, and the remainder
will be invested in U.S. partner countries.
This partnership will support an open architecture and broad
ecosystem, providing full access on a non-exclusive basis for a
diverse range of partners and companies. NVIDIA will support GAIIP,
offering its expertise in AI data centers and AI factories to
benefit the AI ecosystem. GAIIP will also actively engage with
industry leaders to help enhance AI supply chains and energy
sourcing for the benefit of its customers and the industry. The
partnership will initially seek to unlock $30 billion of private
equity capital over time from investors, asset owners, and
corporates, which in turn will mobilize up to $100 billion in total
investment potential when including debt financing.
The founders of the partnership bring together leading global
investors BlackRock, GIP, and MGX, an artificial intelligence and
advanced technology investor, with funding as well as expertise
from Microsoft. GAIIP combines deep understanding of infrastructure
and technology to drive efficient scaling of data centers, with
energy, power, and decarbonization investment capabilities for
related enabling infrastructure for AI.
His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of
MGX, emphasized the importance of AI for the future of our
economies: “Artificial intelligence is not just an industry of the
future, it underpins the future. Through this unique partnership,
we will enable faster innovation, technological breakthroughs and
transformational productivity gains across the global economy. The
investments we make today will secure a more sustainable,
prosperous and equitable future for all mankind.”
“Mobilizing private capital to build AI infrastructure like data
centers and power will unlock a multi-trillion-dollar long-term
investment opportunity,” said Larry Fink, Chairman and CEO of
BlackRock. “Data centers are the bedrock of the digital
economy, and these investments will help power economic growth,
create jobs, and drive AI technology innovation.”
“We are committed to ensuring AI helps advance innovation and
drives growth across every sector of the economy,” said Satya
Nadella, Chairman and CEO, Microsoft. “The Global AI
Infrastructure Investment Partnership will help us deliver on this
vision, as we bring together financial and industry leaders to
build the infrastructure of the future and power it in a
sustainable way.”
“The capital spending needed for AI infrastructure and the new
energy to power it goes beyond what any single company or
government can finance,” said Brad Smith, Vice Chair and
President of Microsoft. “This financial partnership will not
only help advance technology, but enhance national competitiveness,
security, and economic prosperity.”
“Building the necessary infrastructure required to advance and
accelerate the adoption of AI will reshape and revitalize almost
every aspect of how we live,” said Ahmed Yahia Al Idrissi, CEO
of MGX. “Similar to our transportation infrastructure, new data
centers and power sources will enable growth and commerce in the
future innovation economy.”
“There is a clear need to mobilize significant amounts of
private capital to fund investments in essential infrastructure.
One manifestation of this is the capital required to support the
development of AI,” said Bayo Ogunlesi, Chairman and CEO of
Global Infrastructure Partners. “We are highly confident that
the combined capabilities of our partnership will help accelerate
the pace of investments in AI-related infrastructure.”
“Accelerated computing and generative AI are driving a growing
need for AI infrastructure for the next industrial revolution,”
said Jensen Huang, founder and CEO of NVIDIA. “NVIDIA will
use its expertise as a full stack computing platform to support
GAIIP and its portfolio companies on the design and integration of
AI factories to propel industry innovation.”
MGX was created in Abu Dhabi earlier this year to invest in AI
and advanced technologies with global partners to enable the
technology fabric of the global economy, focusing on AI
infrastructure; AI-enabled technology; and semiconductors. Today’s
announcement is a major partnership within those segments, building
on the emirate’s longstanding investment track record in data
centers, compute capacity, and enabling infrastructure.
Significant structural forces are creating opportunities for
private capital to partner with corporations and governments to
provide financing for critical infrastructure needs. BlackRock has
a broad network of corporate relationships as a long-term investor
in their debt and equity, and GIP specializes in investing in,
owning, and operating some of the largest and most complex
infrastructure assets in the world. These combined capabilities
position BlackRock as a world leading investment platform to make
these critical investments in data centers and related
infrastructure, mobilizing private capital to support economic
growth and job creation while generating long-term investment
benefits for its clients.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate
About Global Infrastructure Partners (GIP)
Global Infrastructure Partners (GIP) is a leading infrastructure
investor that specializes in investing in, owning and operating
some of the largest and most complex assets across the energy,
transport, digital infrastructure and water and waste management
sectors. On September 13, 2024, BlackRock issued a press release
announcing that it expects to close its previously announced
acquisition of GIP on October 1, 2024, subject to customary closing
conditions, including the receipt of specified regulatory approvals
and clearances. For more information, visit
www.global-infra.com
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools
powered by AI to deliver innovative solutions that meet the
evolving needs of our customers. The technology company is
committed to making AI available broadly and doing so responsibly,
with a mission to empower every person and every organization on
the planet to achieve more.
About MGX
MGX is a technology investment company focused on accelerating
the development and adoption of AI and advanced technologies
through world-leading partnerships in the United Arab Emirates
(UAE) and globally. MGX invests in sectors where AI can deliver
value and economic impact at scale, including semiconductors,
infrastructure, software, tech-enabled services, life sciences, and
automation.
Forward-Looking Statements
This press release, and other statements that the parties may
make, may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act, with respect to the
parties’ or the GAIIP’s future financial or business performance,
strategies or expectations, including the anticipated timing,
consummation and expected benefits of the GAIIP. Forward-looking
statements are typically identified by words or phrases such as
“trend,” “potential,” “opportunity,” “pipeline,” “believe,”
“comfortable,” “expect,” “anticipate,” “current,” “intention,”
“estimate,” “position,” “assume,” “outlook,” “continue,” “remain,”
“maintain,” “sustain,” “seek,” “achieve,” and similar expressions,
or future or conditional verbs such as “will,” “would,” “should,”
“could,” “may” and similar expressions.
The parties caution that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time and may contain information that is not purely historical in
nature. Such information may include, among other things,
projections and forecasts. There is no guarantee that any
projections or forecasts made will come to pass. Forward-looking
statements speak only as of the date they are made, and the parties
assume no duty to and do not undertake to update forward-looking
statements. Actual results could differ materially from those
anticipated in forward-looking statements and future results could
differ materially from historical performance.
Certain of the parties have previously disclosed risk factors in
their respective United States Securities and Exchange Commission
(“SEC”) reports. These risk factors and those identified elsewhere
in this release, among others, could cause actual results to differ
materially from forward-looking statements or historical
performance. Such parties’ Annual Reports on Form 10–K, Quarterly
Reports on Form 10-Q and subsequent filings with the SEC,
accessible on the SEC’s website at www.sec.gov and on the
applicable party’s website, discuss certain of these factors in
more detail and identify additional factors that can affect
forward–looking statements. The information contained on each
party’s website is not a part of this press release, and therefore,
is not incorporated herein by reference.
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version on businesswire.com: https://www.businesswire.com/news/home/20240917764857/en/
Media
BlackRock Media Relations Ed Sweeney 646-231-0268
Ed.Sweeney@BlackRock.com
Global Infrastructure Partners (GIP) Media Relations Mustafa
Riffat 646-216-7788 Mustafa.Riffat@global-infra.com
Microsoft Media Relations WE Communications for Microsoft
425-638-7777 rapidresponse@we-worldwide.com
MGX Media Relations Brian Lott +971 55 7007666
blott@mubadala.ae
Grafico Azioni BlackRock (NYSE:BLK)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni BlackRock (NYSE:BLK)
Storico
Da Gen 2024 a Gen 2025
