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Elon Musk’s AI Start-Up and Nvidia Join Microsoft, BlackRock, MGX AI Fund
The vehicle, which was created in September of last year, aims to raise $30 billion in funding.
Ce qu'il:
- Elon Musk’s xAI and Nvidia have joined BlackRock, Microsoft, and MGX to expand AI infrastructure in the U.S.
- The AI Infrastructure Partnership plans to invest over $30 billion in data centers and energy projects to support AI models.
- The first data center, expected to be completed in 2026, will house 400,000 Nvidia AI chips in Abilene, Texas.
Two of the biggest forces in artificial intelligence (AI) — Elon Musk’s xAI and Nvidia — have joined BlackRock, Microsoft and investment fund MGX’s group to expand AI infrastructure across the U.S., the companies announced Wednesday.
The fund — called the AI Infrastructure Partnership — at its formation in September of last year, said that it plans to launch with more than $30 billion in initial funding. The goal is to build data centers and energy projects which are required to power large-scale AI models.
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Nvidia will also serve as a technical advisor for the group, which it had announced last year.
Musk and Nvidia join the effort two months after U.S. President Donald Trump announced the formation of Stargate, a private venture that plans to build up to 20 large AI data centers in the U.S. in partnership with OpenAI, Oracle and SoftBank.
The first data center will be built in Abilene, a small city in Texas, which will be completed by mid-2026, Bloomberg reported yesterday. It will have space for roughly 400,000 of Nvidia’s AI chips and a capacity of 1.2 gigawatts of power.
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
