Athira Sethu
Kochi, 20 September 2024
BlackRock, Microsoft, Global Infrastructure Partners, and the Abu Dhabi-based company, MGX announced the launch of the Global AI Infrastructure Investment Partnership under which $30 billion fund will be created.
This fund will be invested in artificial intelligence infrastructure like build data centers and energy projects. The partnership will focus its investments in the United States, developing energy-efficient data centers while also sparking decarbonization efforts.
This happens at a time when the growing use of AI creates tremendous demand for computing power. Such an exploding growth requires more energy sources for financing such data centers.
Global tech giants have seen an increased carbon footprint owing to high AI demand. Microsoft saw its Scope 3 emissions soar 30% from 2020 to 2023 as the growth of data centers continued to gain pace rapidly. Other tech leaders, like Google and Amazon, haven’t fared any better in terms of their decarbonization; this is because increased energy consumptions due to AI.
Microsoft CEO Satya Nadella said the collaboration will spur innovation from AI. “The Global AI Infrastructure Investment Partnership will help us deliver on this vision, as we bring together financial and industry leaders to build the infrastructure of the future and power it sustainably,” Nadella has said.
