BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have unveiled the Global AI Infrastructure Investment Partnership (GAIIP), designed to invest in the expansion and development of data centres to address the increasing need for computing power, along with energy infrastructure to power these facilities. The majority of these investments will be directed toward the United States, driving AI innovation and economic growth, with additional funding allocated to US partner countries.
GAIIP integrates extensive expertise in infrastructure and technology to facilitate the efficient scaling of data centres, while focusing on energy, power, and decarbonisation efforts essential for supporting AI infrastructure.
The partnership will foster an open and inclusive architecture, offering non-exclusive access to a wide range of partners and companies. NVIDIA will contribute its specialised knowledge in AI data centres and factories to enhance the AI ecosystem.
GAIIP will collaborate with industry leaders to improve AI supply chains and energy sourcing, benefiting both its customers and the broader industry. The partnership aims to initially unlock $30 billion in private equity capital, with the potential to generate up to $100 billion in total investment, including debt financing.
Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of MGX said, “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.”
“Mobilising private capital to build AI infrastructure like data centres and power will unlock a multi-trillion-dollar long-term investment opportunity,” said Larry Fink, Chairman and CEO of BlackRock.
“We are committed to ensuring AI helps advance innovation and drives growth across every sector of the economy. 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,” said Satya Nadella, Chairman and CEO, Microsoft.
Brad Smith, Vice Chair and President of Microsoft said that this financial partnership will not only help advance technology, but enhance national competitiveness, security, and economic prosperity.
Ahmed Yahia Al Idrissi, CEO of MGX highlighted that new data centres and power sources will enable growth and commerce in the future innovation economy.
Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners said, “We are highly confident that the combined capabilities of our partnership will help accelerate the pace of investments in AI-related infrastructure.”
Jensen Huang, founder and CEO of NVIDIA said, “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.”