Singapore’s sovereign wealth fund, Temasek, has joined the AI Infrastructure Partnership (AIP), a consortium backed by Microsoft, BlackRock, and MGX, aimed at investing in critical AI infrastructure projects in the United States. The group plans an initial investment of over US$30 billion, with ambitions to mobilize up to US$100 billion, including debt financing.
Temasek follows the Kuwait Investment Authority (KIA) as the second non-founder financial anchor investor in the consortium. Other key partners include Nvidia and Elon Musk’s xAI startup. Financial details of Temasek’s investment have not been disclosed.
This move highlights a growing trend of sovereign wealth funds supporting AI’s physical infrastructure, shifting from investing in AI applications to funding the foundational data centers and energy facilities required to power advanced AI systems like ChatGPT.
The consortium’s massive investment target reflects the high capital demands of AI development, with projects designed to close significant infrastructure gaps needed for computationally intensive AI workloads. For example, training models such as GPT-4 requires computing resources costing tens of millions of dollars.
Bringing together technology leaders, financial giants, sovereign wealth funds, and AI startups, the AIP exemplifies a collaborative approach to funding the essential infrastructure underpinning AI’s future growth.
