In a major move, Elon Musk's AI company xAI has partnered with Microsoft and BlackRock for a $30 billion AI infrastructure push. The partnership plans to construct state-of-the-art data centers and energy systems to enable the development of AI. NVIDIA, a top AI chipmaker, is also involved with the partnership as a technical advisor. The AI Infrastructure Partnership aims to free up $30 billion in financing, which could mobilize up to $100 billion in overall investment, including debt capital. The partnership highlights increasing demand for infrastructure ready for AI and emphasizes the strategic value of energy-efficient solutions for data centers.
Sources: Bloomberg, Yahoo Finance, Business Wire