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$100 billion AI infrastructure fund launched by Microsoft, BlackRock, UAE firm

Investment "goes beyond what any single company or government can finance."

If you haven't noticed by now, Big Tech companies have been making plans to invest in the infrastructure necessary to deliver generative AI products like ChatGPT(and beyond) to hundreds of millions of people around the world. BlackRock manages trillions in assets globally, and MGX, formed earlier this year, represents Abu Dhabi's strategic push into AI investments, backed by substantial sovereign wealth from the United Arab Emirates. Nvidia will help out by sharing what it knows about building AI data centers, but Microsoft says it will support "an open architecture and broad ecosystem" that will provide infrastructure access to many companies using vendor-neutral standards.

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