BlackRock Raises $12.5B for AI Infrastructure Partnership with Microsoft
BlackRock has secured $12.5 billion toward its $30 billion target for a joint AI infrastructure initiative with Microsoft. The collaboration aims to address energy demands of data centers, which could consume 4% of global power by 2029. Larry Fink emphasized mobilizing private capital as essential for scaling solutions governments cannot fund alone.
The partnership leverages Microsoft's AI capabilities and Global Infrastructure Partners' expertise to overcome energy bottlenecks. Investors are flocking to the venture, seeing it as a gateway to capitalize on the AI boom without bearing untenable costs individually.