A coalition of leading investment and technology giants, including BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX, has established the Global AI Infrastructure Investment Partnership (GAIIP). This initiative aims to invest significantly in data centers to enhance AI capabilities, reflecting the rising demand for computing power.
The GAIIP is poised to unlock $30 billion in private equity capital, potentially mobilizing a total of $100 billion including debt financing. Founding members BlackRock, GIP, and MGX bring vast experience in infrastructure investments, while Microsoft provides crucial technological expertise.
Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of MGX, highlighted the transformative potential of AI. “AI is foundational to the future economy. This partnership accelerates innovation and productivity globally, ensuring sustainable and equitable growth,” he remarked at the launch.
The partnership is designed to support a wide ecosystem, offering open access to various partners and companies, enhancing collaboration across the AI industry. NVIDIA is set to contribute its specialized knowledge in AI data centers, boosting the partnership’s capacity to drive technological advancements.
Larry Fink, Chairman and CEO of BlackRock, emphasized the strategic importance of this initiative. “Investing in AI infrastructure like data centers will unlock significant long-term investment opportunities, driving economic growth and AI innovation,” he stated.
Microsoft’s Satya Nadella expressed commitment to leveraging AI for economic growth across all sectors. “The Global AI Infrastructure Investment Partnership will play a pivotal role in building future infrastructure and powering it sustainably,” he explained.
Brad Smith of Microsoft highlighted the vast financial requirements for new AI infrastructure, underscoring the need for collaborative investment efforts to boost national security and economic prosperity.
Ahmed Yahia Al Idrissi of MGX described the infrastructure development as crucial to accelerating AI adoption, likening its impact to that of traditional transportation infrastructure on growth and commerce.
Bayo Ogunlesi of GIP expressed confidence in the partnership’s ability to expedite investments in AI infrastructure, crucial for supporting the next wave of industrial innovation.
NVIDIA’s Jensen Huang mentioned that the growing need for AI infrastructure, driven by accelerated computing and generative AI, would be supported by NVIDIA’s expertise, propelling industry-wide innovation through the design and integration of AI factories.
