Future Tech

Microsoft, BlackRock to launch $30 billion fund for AI infrastructure

Tan KW
Publish date: Wed, 18 Sep 2024, 09:33 AM
Tan KW
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Future Tech

 BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday.

AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption.

 


  - Reuters

 

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