Blackrock, Microsoft join hands to raise $30 billion for AI investments

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Blackrock, Microsoft join hands to raise $30 billion for AI investments - Business Standard

Quick Summary:

The infrastructure investments — including energy projects — will be mostly in the US, with a portion of the funds to be deployed in US partner countries, the companies said in a statement.

To meet that demand, energy companies are delaying the retirement of coal and gas plants, planning the construction of new gas plants and building out clean energy like solar and wind farms.

The plan includes bringing on additional investors, and pensions and insurers are eager for such long-term infrastructure investments, Fink said.“We don’t believe it will be a difficult task,” he said of raising the money.