QR codeQR code

Artificial intelligence;

MGX, Microsoft, BlackRock, Global Infrastructure Partners signed cooperation agreement

news agency wam , 19 Sep 2024 - 14:14

BlackRock, Global Infrastructure Partners (GIP), Microsoft and MGX announced the Global Artificial Intelligence Infrastructure Investment Partnership (GAIIP).


According to Amac News: The company signed a cooperation agreement with the aim of investing in new and developed data centers to meet the growing demand for computing power.
Through this unique partnership, faster innovation, technological advancements and transformational productivity gains will be enabled across the global economy.
The partnership supports an open architecture and broad ecosystem, providing full access on a non-exclusive basis to a diverse range of partners and companies.
 NVIDIA will support GAIIP and provide expertise in AI data centers and AI factories to benefit the AI ​​ecosystem.
 GAIIP will also engage with industry leaders to strengthen AI supply chains and energy resources for the benefit of customers and industry.
The partnership aims to unlock $30 billion of private capital over time, which in turn will mobilize up to $100 billion in total investment potential, including debt financing.
The partnership's founders bring together leading global investors BlackRock, GIP, and MGX, an AI and high-tech investor, with Microsoft's investment and expertise.
 GAIIP combines infrastructure and technology expertise to efficiently scale data centers, alongside energy, power, and decarbonization investment capabilities to enable AI-enabled infrastructure.
MGX was established in Abu Dhabi earlier this year to invest in AI and advanced technologies with global partners to enable the technological fabric of the global economy with a focus on AI infrastructure.
technology equipped with artificial intelligence; and Semiconductors Today's announcement is a major partnership in these sectors, building on the UAE's long history of investment in data centers, computing capacity and active infrastructure.
 


Story Code: 1613

News Link :
https://www.amacnews.com/en/news/1613/mgx-microsoft-blackrock-global-infrastructure-partners-signed-cooperation-agreement

AMAC
  https://www.amacnews.com