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

Investment powerhouse BlackRock is set to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today. According to the outlet, the fund — among Wall Street’s largest — will focus on creating data centers and funding energy infrastructure to support AI. Chip […] © 2024 TechCrunch. All rights reserved. For personal use only.