BlackRock and Microsoft are reportedly planning a $30B AI-focused megafund

Posted under: Tech Move
Date: 2024-09-18
BlackRock and Microsoft are reportedly planning a $30B AI-focused megafund

The world's leading providers of investment, BlackRock, in partnership with Microsoft and the Abu Dhabi-backed investment firm MGX, is about to introduce a $30 billion AI-focused fund, according to a report published in the Financial Times today. Global Infrastructure Partners (GIP), which BlackRock agreed to buy for $12.5 billion in a deal back in January, is partnering with BlackRock to launch the fund. BlackRock's infrastructure investment division is now called GIP.

Read more at: techcrunch.com