The financial and technology giants, BlackRock and Microsoft respectively, announced an alliance to create the Global AI Infrastructure Investment Partnership. This entity seeks to collect in principle US$30 billion -with a maximum objective of reach up to US$100 billion– to invest in AI infrastructure in the United States and other destinations to be defined.
In addition to BlackRock and Microsoft, the partnership includes Global Infrastructure Partners (GIP) and MGXa company specializing in energy infrastructure. These companies seek to support an open architecture and a broad ecosystem that enables the sustainable development of AI.
Investments will focus on the construction and expansion of data centers to meet the growing demand for computing power, as well as energy infrastructure to create new sources of energy for these facilities, the companies said in a statement.
As part of the support, the technology giant NVIDIA announced its support for GAIIP, offering its expertise in AI data centers and AI factories to benefit the ecosystem. This includes Improving AI supply chains and energy sourcingas mentioned by the companies.
“GAIIP combines deep knowledge of infrastructure and technology to drive efficient scaling of data centers, with investment capacities in energy, power and decarbonization for AI-related enabling infrastructure,” the companies said.
They seek to unlock investments in Artificial Intelligence for up to US$100,000 million
Larry Fink, Chairman and CEO of BlackRock, said the partnership “will unlock a multi-billion dollar long-term investment opportunity.”
He added: “Data centers are the foundation of the digital economy, and these investments arewill help boost economic growth, create jobs and drive technological innovation of AI”.
Meanwhile, Satya Nadella, president and CEO of Microsoft, commented that they are “committed to ensuring that AI helps advance innovation and drive growth across all sectors of the economy”.
“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,” he said.
Initially, the association will seek to unlock $30 billion in private capital of investors over time, asset owners and companies, which in turn will mobilize up to US$100 billion in total investment potential when including debt financing.
BlackRock is one of the world’s leading investment funds, and has shown interest in supporting emerging technologies, including its backing of bitcoin and its technology, as well as tokenization funds and, now, artificial intelligence.
The formation of the Global AI Infrastructure Investment Partnership will have a strong impact on the cryptocurrency ecosystem, bringing about a significant advancement in data center and energy infrastructure for artificial intelligence.
A positive impact is also expected on the ecosystem of cryptocurrencies linked to AI, which have been gaining relevance.
AI-linked cryptocurrencies such as Internet Computer (ICP), Fetch.ai (FET), and The Graph (GRT) have shown remarkable performance in 2024, reflecting the growing confidence in the synergy between blockchains and artificial intelligence.
The new alliance will allow optimizing cryptocurrency mining and reducing fraud
The GAIIP partnership could further strengthen this trend, providing the infrastructure needed to scale AI projects operating on blockchains, improving their efficiency and processing capacity.
GAIIP infrastructure could be crucial in the scope of workloads and types of work with AI within the cryptocurrency ecosystemsay experts who believe that AI can optimize cryptocurrency miningreducing energy costs and improving the efficiency of mining algorithms.
New data centers could host more efficient mining operations, using AI algorithms to select and execute mining under optimal times and conditions. Furthermore, AI can be used in algorithmic trading, where it can analyze large volumes of data in real time to trade cryptocurrencies, facilitating the creation of platforms that make decisions based on predictive and market analysis.
It would also benefit cryptocurrency portfolio management with AI automating investment recommendations based on market analysis, trends and historical patterns, all of which require a robust infrastructure for data processing.
In security and fraud detection, AI improves protection in cryptocurrency transactions, detecting anomalous patterns that could indicate fraud or cyberattacksGAIIP infrastructure would be essential for implementing AI systems that monitor and protect blockchain networks.
In the development of smart contracts, artificial intelligence It can help in the creation and optimization of smart contracts, ensuring that they are more efficient and secure.GAIIP-powered data centers could be essential for the development and testing of these contracts.
Furthermore, AI can be used to analyze blockchains for internal analysis, such as transaction traceability or market behavior prediction, where GAIIP infrastructure would facilitate massive data processing.
Source: Ambito
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