BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX on 17 September announced the Global AI Infrastructure Investment Partnership (GAIIP) to make investments in new and expanded data centers to meet growing demand for computing power, as well as energy infrastructure to create new sources of power for these facilities, according to a press release.

These infrastructure investments will be chiefly in the USA fueling AI innovation and economic growth, and the remainder will be invested in US partner countries.

This partnership will support an open architecture and broad ecosystem, providing full access on a non-exclusive basis for a diverse range of partners and companies.

NVIDIA will support GAIIP, offering its expertise in AI data centers and AI factories to benefit the AI ecosystem. GAIIP will also actively engage with industry leaders to help enhance AI supply chains and energy sourcing for the benefit of its customers and the industry.

The partnership will initially seek to unlock USD 30bn of private equity capital over time from investors, asset owners, and corporates, which in turn will mobilize up to USD 100bn in total investment potential when including debt financing.

MGX was created in Abu Dhabi earlier this year to invest in AI and advanced technologies with global partners to enable the technology fabric of the global economy, focusing on AI infrastructure; AI-enabled technology; and semiconductors.

The US Federal Energy Regulatory Commission recently approved the acquisition of GIP by BlackRock in a deal worth over USD 12.5bn.