Satya Nadella's Microsoft and BlackRock have unveiled a $30 billion fund to boost investment into data centers and power the infrastructure needed to support AI.SAUL LOEB/Getty ImagesAmerica is ready to scale up its AI infrastructure.The generative-AI boom has put data-center capacity and energy constraints into focus.A $30 billion fund from Microsoft and BlackRock, plus a government task force, aims to address this.America is stepping up plans to maintain an edge in the generative-AI race.A key part of that strategy is making significant investments in domestic infrastructure — from data centers to chip production — so that the country is less reliant on places such as Taiwan, where tensions with neighboring China loom large.On Tuesday, Microsoft and BlackRock announced the creation of a $30 billion megafund.
America Is Ready To Go Big On Ai Infrastructure
hchowdhury@insider.com (Hasan Chowdhury), Business Insider
Wed, 09/18/2024 - 9:02am
Topics: satya nadella's microsoft saul loeb/getty imagesamerica china enhance american global infrastructure partners january abu dhabi united arab emirates mgx reuters/lindsey wassonif america chips act congress chinese taiwanese justin sullivan/gettynot june cbre lack northern virginia north american financial times big tech washington nvidia's jensen huang openai's sam altman commerce secretary gina raimondo us while business insider microsoft blackrock ai taiwan american united states brad smith nvidia tsmc white house america is ready data fund power energy data-center centers needed investments billion country investment release designed firm supply firms boom government critical vital building leading president demand significant making growth task force means key focusing backers press top economic led likes shortage center
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