www.global-infra.com Open in urlscan Pro
141.193.213.21  Public Scan

Form analysis
2 forms found in the DOM

GET https://www.global-infra.com

<form role="search" class="rsg-search-form" method="get" action="https://www.global-infra.com">
  <div class="rsg-search-form-content">
    <input type="search" required="" name="s" placeholder="Search..." aria-required="true" class="rsg-search-input" value="">
    <button type="submit" class="rsg-search-submit" aria-label="Submit search"></button>
  </div>
  <button class="rsg-search-reset" type="button"> Clear Search </button>
</form>

GET https://www.global-infra.com

<form role="search" class="rsg-search-form" method="get" action="https://www.global-infra.com">
  <div class="rsg-search-form-content">
    <input type="search" required="" name="s" placeholder="Search..." aria-required="true" class="rsg-search-input" value="">
    <button type="submit" class="rsg-search-submit" aria-label="Submit search"></button>
  </div>
  <button class="rsg-search-reset" type="button"> Clear Search </button>
</form>

Text Content

Global Infrastructure Partners, BlackRock, Microsoft, and MGX Launch New AI
Partnership to Invest in Data Centers and Supporting Power Infrastructure -
Global Infrastructure Partners
Skip to content

Clear Search
 * ABOUT
 * ENERGY TRANSITION & SUSTAINABILITY
 * PORTFOLIO
 * TEAM
 * NEWS
 * CAREERS

LP Login

LP Login

Clear Search


GLOBAL INFRASTRUCTURE PARTNERS, BLACKROCK, MICROSOFT, AND MGX LAUNCH NEW AI
PARTNERSHIP TO INVEST IN DATA CENTERS AND SUPPORTING POWER INFRASTRUCTURE

Company News

| 17 September, 2024

$100 billion investment potential will enhance American competitiveness in AI
while meeting the growing need for energy infrastructure to power economic
growth

NEW YORK & REDMOND, Wash. & ABU DHABI, United Arab Emirates–(BUSINESS WIRE)– The
drive to develop more powerful AI capabilities will require significant
infrastructure investment to support it. Today, BlackRock, Global Infrastructure
Partners (GIP), Microsoft, and MGX announced the Global AI Infrastructure
Investment Partnership (GAIIP) to make investments in new and expanded data
centers to meet growing demand for computing power, as well as energy
infrastructure to create new sources of power for these facilities. These
infrastructure investments will be chiefly in the United States fueling AI
innovation and economic growth, and the remainder will be invested in U.S.
partner countries.

This partnership will support an open architecture and broad ecosystem,
providing full access on a non-exclusive basis for a diverse range of partners
and companies. NVIDIA will support GAIIP, offering its expertise in AI data
centers and AI factories to benefit the AI ecosystem. GAIIP will also actively
engage with industry leaders to help enhance AI supply chains and energy
sourcing for the benefit of its customers and the industry. The partnership will
initially seek to unlock $30 billion of private equity capital over time from
investors, asset owners, and corporates, which in turn will mobilize up to $100
billion in total investment potential when including debt financing.

The founders of the partnership bring together leading global investors
BlackRock, GIP, and MGX, an artificial intelligence and advanced technology
investor, with funding as well as expertise from Microsoft. GAIIP combines deep
understanding of infrastructure and technology to drive efficient scaling of
data centers, with energy, power, and decarbonization investment capabilities
for related enabling infrastructure for AI.

His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of MGX, emphasized the
importance of AI for the future of our economies: “Artificial intelligence is
not just an industry of the future, it underpins the future. Through this unique
partnership, we will enable faster innovation, technological breakthroughs and
transformational productivity gains across the global economy. The investments
we make today will secure a more sustainable, prosperous and equitable future
for all mankind.”

“Mobilizing private capital to build AI infrastructure like data centers and
power will unlock a multi-trillion-dollar long-term investment opportunity,”
said Larry Fink, Chairman and CEO of BlackRock. “Data centers are the bedrock of
the digital economy, and these investments will help power economic growth,
create jobs, and drive AI technology innovation.”

“We are committed to ensuring AI helps advance innovation and drives growth
across every sector of the economy,” said Satya Nadella, Chairman and CEO,
Microsoft. “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 in a sustainable way.”

“The capital spending needed for AI infrastructure and the new energy to power
it goes beyond what any single company or government can finance,” said Brad
Smith, Vice Chair and President of Microsoft. “This financial partnership will
not only help advance technology, but enhance national competitiveness,
security, and economic prosperity.”

“Building the necessary infrastructure required to advance and accelerate the
adoption of AI will reshape and revitalize almost every aspect of how we live,”
said Ahmed Yahia Al Idrissi, CEO of MGX. “Similar to our transportation
infrastructure, new data centers and power sources will enable growth and
commerce in the future innovation economy.”

“There is a clear need to mobilize significant amounts of private capital to
fund investments in essential infrastructure. One manifestation of this is the
capital required to support the development of AI,” said Bayo Ogunlesi, Chairman
and CEO of Global Infrastructure Partners. “We are highly confident that the
combined capabilities of our partnership will help accelerate the pace of
investments in AI-related infrastructure.”

“Accelerated computing and generative AI are driving a growing need for AI
infrastructure for the next industrial revolution,” said Jensen Huang, founder
and CEO of NVIDIA. “NVIDIA will use its expertise as a full stack computing
platform to support GAIIP and its portfolio companies on the design and
integration of AI factories to propel industry innovation.”

MGX was created in Abu Dhabi earlier this year to invest in AI and advanced
technologies with global partners to enable the technology fabric of the global
economy, focusing on AI infrastructure; AI-enabled technology; and
semiconductors. Today’s announcement is a major partnership within those
segments, building on the emirate’s longstanding investment track record in data
centers, compute capacity, and enabling infrastructure.

Significant structural forces are creating opportunities for private capital to
partner with corporations and governments to provide financing for critical
infrastructure needs. BlackRock has a broad network of corporate relationships
as a long-term investor in their debt and equity, and GIP specializes in
investing in, owning, and operating some of the largest and most complex
infrastructure assets in the world. These combined capabilities position
BlackRock as a world leading investment platform to make these critical
investments in data centers and related infrastructure, mobilizing private
capital to support economic growth and job creation while generating long-term
investment benefits for its clients.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial
well-being. As a fiduciary to investors and a leading provider of financial
technology, we help millions of people build savings that serve them throughout
their lives by making investing easier and more affordable. For additional
information on BlackRock, please visit www.blackrock.com/corporate

About Global Infrastructure Partners (GIP)

Global Infrastructure Partners (GIP) is a leading infrastructure investor that
specializes in investing in, owning and operating some of the largest and most
complex assets across the energy, transport, digital infrastructure and water
and waste management sectors. On September 13, 2024, BlackRock issued a press
release announcing that it expects to close its previously announced acquisition
of GIP on October 1, 2024, subject to customary closing conditions, including
the receipt of specified regulatory approvals and clearances. For more
information, visit www.global-infra.com

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI
to deliver innovative solutions that meet the evolving needs of our customers.
The technology company is committed to making AI available broadly and doing so
responsibly, with a mission to empower every person and every organization on
the planet to achieve more.

About MGX

MGX is a technology investment company focused on accelerating the development
and adoption of AI and advanced technologies through world-leading partnerships
in the United Arab Emirates (UAE) and globally. MGX invests in sectors where AI
can deliver value and economic impact at scale, including semiconductors,
infrastructure, software, tech-enabled services, life sciences, and automation.

Forward-Looking Statements

This press release, and other statements that the parties may make, may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act, with respect to the parties’ or the GAIIP’s future
financial or business performance, strategies or expectations, including the
anticipated timing, consummation and expected benefits of the GAIIP.
Forward-looking statements are typically identified by words or phrases such as
“trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,”
“expect,” “anticipate,” “current,” “intention,” “estimate,” “position,”
“assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,”
“achieve,” and similar expressions, or future or conditional verbs such as
“will,” “would,” “should,” “could,” “may” and similar expressions.

The parties caution that forward-looking statements are subject to numerous
assumptions, risks and uncertainties, which change over time and may contain
information that is not purely historical in nature. Such information may
include, among other things, projections and forecasts. There is no guarantee
that any projections or forecasts made will come to pass. Forward-looking
statements speak only as of the date they are made, and the parties assume no
duty to and do not undertake to update forward-looking statements. Actual
results could differ materially from those anticipated in forward-looking
statements and future results could differ materially from historical
performance.

Certain of the parties have previously disclosed risk factors in their
respective United States Securities and Exchange Commission (“SEC”) reports.
These risk factors and those identified elsewhere in this release, among others,
could cause actual results to differ materially from forward-looking statements
or historical performance. Such parties’ Annual Reports on Form 10–K, Quarterly
Reports on Form 10-Q and subsequent filings with the SEC, accessible on the
SEC’s website at www.sec.gov and on the applicable party’s website, discuss
certain of these factors in more detail and identify additional factors that can
affect forward–looking statements. The information contained on each party’s
website is not a part of this press release, and therefore, is not incorporated
herein by reference.

Contacts

Media

BlackRock Media Relations
Ed Sweeney
646-231-0268
Ed.Sweeney@BlackRock.com

Global Infrastructure Partners (GIP) Media Relations
Mustafa Riffat
646-216-7788
Mustafa.Riffat@global-infra.com

Microsoft Media Relations
WE Communications for Microsoft
425-638-7777
rapidresponse@we-worldwide.com

MGX Media Relations
Brian Lott
+971 55 7007666
blott@mubadala.ae

View original content:
https://www.businesswire.com/news/home/20240917764857/en/BlackRock-Global-Infrastructure-Partners-Microsoft-and-MGX-Launch-New-AI-Partnership-to-Invest-in-Data-Centers-and-Supporting-Power-Infrastructure

 * ABOUT
 * ENERGY TRANSITION & SUSTAINABILITY
 * PORTFOLIO
 * TEAM
 * NEWS
 * CAREERS
 * CONTACT US



A leading infrastructure investor.

GIP 2024. All rights reserved.

 * Privacy Policy
 * Terms of Use
 * Additional Disclosures
 * Electronic Communications Disclaimer
 * LinkedIn
 * Employee Login
 * LP Access