# Microsoft and BlackRock Team Up for $30 Billion AI Infrastructure Fund! 💰

**URL:** <https://onehack.st/t/microsoft-and-blackrock-team-up-for-30-billion-ai-infrastructure-fund/291674>\
**Category:** News & Articles\
**Tags:** data-recovery\
**Created:** [September 19, 2024, 11:57am UTC](https://onehack.st/t/microsoft-and-blackrock-team-up-for-30-billion-ai-infrastructure-fund/291674 "2024-09-19T11:57:15Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [September 19, 2024, 11:57am UTC](https://onehack.st/t/microsoft-and-blackrock-team-up-for-30-billion-ai-infrastructure-fund/291674/1 "2024-09-19T11:57:16Z")

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**Summary:**

* * *

1. Major AI Fund Launch  
BlackRock is spearheading a $30 billion investment fund focused on artificial intelligence infrastructure, with Microsoft and Abu Dhabi’s MGX as general partners.

2. Strategic Partnerships  
Nvidia will serve as an advisor for the fund, which aims to finance essential projects in data centers and energy to support AI advancements.

3. Economic Impact  
Larry Fink of BlackRock emphasized the potential for economic growth and job creation through these investments, highlighting the critical role of data centers in the digital economy.

**Read more at:** [Data Center Dynamics](https://www.datacenterdynamics.com)