NVIDIA, xAI Join Microsoft-Backed Consortium To Expand AI Infrastructure In U.S.
Techstrong.ai, Wednesday, March 19th, 2025
NVIDIA Corp. and Elon Musk's xAI on Wednesday said they have joined a consortium backed by Microsoft Corp., BlackRock, and investment firms Global Infrastructure Partners and MGX to expand artificial intelligence (AI) infrastructure in the U.S.
The rechristened AI Infrastructure Partnership (AIP), first announced in September with a goal to initially invest more than $30 billion in AI-related projects, also now includes GE Vernova and NextEra Energy to help the group 'accelerate the scaling of critical and diverse energy solutions for AI data centers,' AIP said.
'We believe this unparalleled partnership of leading global companies across the AI ecosystem brings technology expertise together with private capital to meet this demand,' BlackRock CEO Larry Fink said in a statement.
AIP's investments, which will focus on U.S. partners and the Organization for Economic Cooperation and Development, is one of a handful of large organizations created to bankroll domestic data centers and energy facilities necessary to power the vast amounts of energy required for AI applications such as OpenAI's ChatGPT.